/PRNewswire/ The India - Electric Wire and Cable Market size is expected to grow by USD 2.19 billion, accelerating at a CAGR of 4.63% during the forecast.
New facilities at Traco Cable
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E.P. Jayarajan, Minister for Industries, inaugurated a new office building and commissioned a set of new machinery at the public sector Traco Cable Limited unit at Irumbanam on Saturday.
The Minister said the operations of Traco Cable would be expanded and that no interest would be levied on the financial help extended to the company. He said acquisition of land for the proposed electronics park at Amballoor would be intensified.
Mr. Jayarajan said the problems facing the agricultural sector also affected the industrial sector in the State. He called for finding immediate solutions to problems affecting the farm sector as a measure to address the overall slackness in the economy. Those who had completed 10 years of temporary service in PSUs would be made permanent employees, he said.
Traco Cable bags orders worth ₹334 crore
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It includes a single order of ₹143 crore from KSEB
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It includes a single order of ₹143 crore from KSEB The public sector Traco Cable Company Limited has bagged orders worth ₹334 crore this year, including a single order worth ₹143 crore from the Kerala State Electricity Board (KSEB).
The KSEB order was for ACSR rabbit conductors, which was a big achievement, said company sources on Monday. It was received in early November and the power utility will deploy the conductors for distribution purposes.
Traco Cable sources said with a total order worth ₹334 crore in hand, the company should be able to make a sales turnover to the tune of ₹225 crore for the financial year 2020-21. The total business turnover will be a new high for the company.