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Worldwide Electrical Conduit Systems Industry to 2028 - by Product Type, Material, End-use and Geography
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Finolex Cables advanced 2.54% to Rs 389 after the company said it added conduit and fittings to its repertoire.
The conduits are manufactured at the company s Goa plant from specially formulated μPVC to meet the Indian & International standards. These are made of high impact resistance materials which make them safe to use across varied environmental conditions. The conduits are available in 19 -32 diameters in light, medium and heavy stress specifications. Along with conduits, Finolex Cables also offers commonly used fittings like junction boxes, bends, inspection bends etc.
Finolex Cables perceives the conduit business as an opportunity to start a business relationship with the project developer at the initial stage itself, after which, wires, MCBs, switches, lighting will be required to complete the electrical requirements of a project/home. Finolex Cables has been steadily expanding into the electrical segment with a product range that includes electric water heaters, fans, s
Finolex Cables announced the addition of conduit and fittings to its repertoire. The conduits are manufactured at its state-of-the-art Goa plant
from specially formulated PVC to meet the most stringent India & International standards.
These are
made of high impact resistance materials which make them safe to use across varied environmental
conditions.
The conduits are available in 19 -32 diameters in Light, Medium and Heavy stress specifications. Along
with conduits Finolex also offers commonly used fittings like junction boxes, bends, inspection bends etc.
Finolex perceives the conduit business as an opportunity to start a business relationship with the Project
Developer at the initial stage itself, after which, Wires, MCBs, Switches, Lighting will be required to
Astral Poly Technik rose 2.48% to Rs 1,690 after the company said its board will consider issue of bonus shares at its meeting scheduled on February 3.
In the past three months, the stock has added 47.14% while the benchmark S&P BSE Sensex has gained 17.61% during the same period.
In a BSE filing made after market hours yesterday, the company said that the board of directors of the company will be held on Wednesday, 3 February 2021 to consider proposal for issue of bonus equity shares.
On the same day, the board will also consider the unaudited financial results for the quarter and nine months ended 31 December 2020.
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The Indian Electrical Materials Market was valued at USD 5969.13 Million in FY2020 and is projected to grow at double digit CAGR of 17.88% during the forecast years, to reach USD 9714.33 Million through FY2026.
Increasing construction activities is the major factor driving the electrical materials market in India. The construction sector is one of the largest contributors to economic activity and is expected to grow at 7-8% per annum over the next 10 years in India.
Short-term expansion of India s construction activities will be driven by a mixture of fiscal support and government policies supporting the housing market in the country. Long-term growth will mainly be driven by country s massive population, which requires continued investments into residential building construction sector, which in turn is creating a market opportunity for electrical materials manufacturers in India.
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