>FINOLEX CABLES LIMITED (HDFC SECURITIES)

Finolex Cables Ltd (FCL), the flagship company of the Finolex Group, was established in 1958 in Pune. Today, it is India's largest and leading manufacturer of electrical and telecommunication cables with a turnover of more than Rs.1,200 cr. The company started its operation with the manufacture of PVC insulated electrical cables for the automobile industry. Since then, the company has constantly endeavored to augment its product range to include, PVC insulated electrical wires and Flame Retardant Low Smoke electrical wires, PVC insulated single core and multicore industrial flexible cables, Rodent Repellent Multicore Flexible Cables, PVC Insulated Winding Wires and 3 Core Flat Cables, XLPE 3 Core Flat Cables High Voltage Power Cables (Upto 33 kV), Auto & Battery Cables, Co-axial and CATV cables, LAN Cables, Switchboard Cables, Fibre Optic Cables and others.

The main segments of the company are: Electrical Cables and Communication Cables. The company has recently added High Voltage Power Cables to its range of Electrical Cables. Every cable is manufactured using bright annealed electrolytic grade copper – 99.97% pure manufactured in house and is insulated with virgin grade PVC (manufactured by group company Finolex Industries Limited) that is formulated in-house. In FY09, FCL derived about 56% of its revenue from electrical cables (59% in FY08), 19% from communication cables (19% in FY08), 19% from copper rods (18% in FY08) and 6% from others (4% in FY08).

Plants: FCL has set up four modern state of the art plants. These manufacturing plants are located in Pimpri (Pune),Urse (Pune),Goa & Roorkee (Uttarakhand). All these manufacturing plants are well equipped with the latest state-of-the art modern machinery for producing quality product. FCL currently has electrical cables capacity of 1701 CKM (59% utilization in FY09), 48,000 km of optical fibre cables capacity (80% utilization in FY09) and other communication (telephone jelly filled) cables capacity of 10,612 CKM (8.4% capacity utilization in FY09).

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