Universal Cables Ltd
NSE: UNIVCABLES BSE: 504212
₹1002.35
(0.69%)
Thu, 21 May 2026, 05:14 pm
Market Cap34.54B
PE Ratio22.08
Dividend0.40
Electronic Technology
Electronic Components
24.5KCompany History
1945
- The company was incorporated on 6th March at Calcutta.
1961
- The name of the company was changed from Hindustan Woollen Mills, Ltd., to Universal Cables, Ltd.
1962
- Universal Cables Limited was established by late Shri M.P. Birla.
1977
- 4,79,808 right shares were issued at par in the proportion 19:50.
- The company collaborated with M/s. Asea Kabels AB, Sweden, to bring XLPE technology to India.
1979
- Forfeiture on 40 shares was annulled.
- 8,67,824 bonus shares were issued in the proportion 1:2.
1983
- The company received a letter of intent from the Government of India for production of irradiated heat shrinkable products and irradiated heat trace cable.
- The company proposed to manufacture high-performance speciality cables for various industries.
- The imported plant for the manufacture of cross-linked polyethylene compounds was received and installed.
1984
- The company signed a collaboration agreement with General Electric, USA, for the manufacture of capacitors with superior quality non-toxic impregnant.
1987
- 27,34,280 shares were issued, including 26,04,077 shares as rights and 1,30,203 shares to employees under Stock Option Scheme.
1990
- Development efforts were made for the manufacture of new products, such as CATV cable and cables for telephone switching systems.
- The company incurred a capital expenditure of Rs 7.24 crores for expansion and updating of technology.
1991
- The company issued 7,00,000-14% redeemable non-convertible debentures to financial institutions on private placement basis.
1992
- The company promoted a new company, Birla Ericsson Optical Ltd., for the manufacture of fibre optic cables.
- It was proposed to develop special cables for elevators and electronic equipment.
1993
- Several new products were developed for defence production and electronic equipment.
- 1,00,000-15% redeemable non-convertible debentures were privately placed with UTI.
- The company issued 26,69,179 equity shares for cash at a premium of Rs 75 per share on Rights basis.
- 1,33,459 equity shares were issued to employees at a premium of Rs 75 per share.
1994
- The company entered into a joint venture agreement with ASEA BROWN BOVERI to set up a new company for the manufacture of High Voltage Cross linked Polythene insulated power cables.
- 80,15,489 bonus shares were issued in the proportion 1:1.
1997
- The company received a letter of intent for the manufacture of cross-linked polytheylene compounds.
2002
- M A Alagappan resigned from the Board of Directors of the company.
2006
- Shri. Jagdish Chandra Sharma was appointed as a Director of the Company.
2007
- Shri. Dinesh Chanda was appointed as a Director of the Company.
2008
- The company recommended a payment of dividend for the year at Rs 2.40 per share.
2009
- The company formed a joint venture with Japan's Furukawa for optical fibres.
- The name of the Registrar & Share Transfer Agent of the Company was changed to Link Intime India Pvt. Ltd.
2010
- The company recommended a dividend of Rs. 2.50 per share on 2,31,30,254 fully paid-up Equity Shares of Rs. 10/- each.
2011
- The company declared a dividend of Rs. 2.00 per share on 2,31,30,254 fully paid-up Equity Shares of Rs. 10/- each.
2012
- Shri D. R. Bansal was appointed as Executive Director of the Company.
- Mr. Avanish Dwivedi was appointed as Wholetime Company Secretary and Compliance Officer of the Company.
2014
- Mr. Rakesh Barmecha was appointed as Chief Financial Officer of the Company.
2015
- The company issued rights to its existing shareholders in the ratio of 1:2.
2016
- Shri Pankaj Gupta was appointed as Chief Financial Officer of the Company.
2018
- The company entered into a Manufacturing Technical Collaboration Agreement with NKT GmbH & Co. KG, Germany for 400kV Extra High Voltage XLPE Underground Cables.
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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800