WASHINGTON: Shilpi Cable Technologies Limited (SCTL), a specialist in a wide variety of cables used in telecom, automotive and energy segment, has declared its financial results for the second quarter ended September 30, 2015.
SCTL recently entered into a 50-50 joint venture with New Zealand based Eyecom Telecommunications Equipments Ltd, marking its foray in the next generation technology of Radio Frequency (RF). With this strategic partnership, the company aims at capturing at least 30 per cent market share in the RF path solution market over the next three years.
SCTL plans to invest Rs. 50 crore for expansion of their production capacities. It also plans to invest Rs. 5-10 crore in next generation technology of Radio Frequency (RF).
Commenting on the results, Manish Goel, Managing Director, Shilpi Cable Technologies Ltd. said, “We have posted a strong set of numbers this quarter. With new developments and our JV with New Zealand based Eyecom Telecommunications Equipments, the profit of the Company has increased significantly.”
He further added, “We have plans of more JVs in different sectors in the next few years. We are also planning to introduce new products in our basket for B2C segment.
