Ultravolt launch sparks sell-off in wire stocks; high-voltage players insulatedThe wire and cable industry faced stock declines amidst rumors of Ultravolt’s impending market entry. The Aditya Birla Group's initiative a...
Wires on fire: Why UltraTech’s Rs 1,800 crore Ultravolt bet wiped out Rs 21,500 crore in 2 daysUltraTech’s entry into wires and cables triggered a sharp selloff in listed peers as investors assess the impact of intensified competition...
Polycab, KEI Industries shares crash up to 9% after UltraTech Cement enters wires & cables business. What Jefferies, Nuvama expectShares of Polycab and KEI Industries fell sharply after UltraTech Cement launched its ₹1,800 crore wires and cables business, Ultravolt. Br...
Stocks in news: HDFC Bank, M&M, Gland Pharma, CreditAccess Grameen and Bharat ForgeIndian benchmark indices extended their losing streak for a fourth consecutive session on Thursday. Nifty 50 fell 0.17% and Sensex declined...
Birla built India with cement, now it wants to wire up what powers it with a ₹1,800 crore betIn an ambitious move, Aditya Birla Group has unveiled Ultravolt, a new enterprise dedicated to wires and cables. The company seeks to estab...
Kumar Mangalam Birla sees room to build a ‘new large challenger’ in India’s Rs 90,000-crore wires and cables market with new ‘Ultravolt’Aditya Birla Group has launched its Ultravolt wires and cables business with a significant investment. The company aims to become a top two...
Aditya Birla Group launches Ultravolt with Rs 1,800 crore bet, debuts as India’s No. 2 wires player by capacityAditya Birla Group launched its Ultravolt wires and cables business with a significant investment. This new venture aims to become a top pl...