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Opal Industries Limited
Sector:Engineering Engineering - Power Cables
BSE:17376NSE:NABloomberg:OSCB@INReuters:OVEC.BO
Market Lot: Face Value: 10ISIN Demat: INE413E01019
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31-Oct-2008
Business Profile
Opal Industries (OPAL), incorporated in 1989, has been engaged in the manufacture of cables and wires. Earlier known as Overseas Cables, it got its present name with effect from Mar. 24, 2004.

Located at Rajpura in Punjab, the manufacturing unit has capacity to manufacture polyvinyl chloride (PVC) and low tension cross-linked polyethylene (LT XLPE) cables, aluminum cable steel reinforced (ASCR) conductors and other miscellaneous cables. These products are used for distribution of electricity from source to substation and from substation to actual users. The company has undertaken projects in the national corridor and other infrastructure projects. It has been catering to state electricity boards and industries manufacturing aluminum, copper, PVC/LT XLPE compound, galvanized iron wire/strip, and chemicals.

The registered office is at B-5, Focal Point, Rajpura-140401, Punjab.


Financials
Opal Industries registered a loss of Rs 2.77 million for the quarter ended December 2006.
Net sales declined 44.58% to Rs 12.26 million for the quarter ended December 2006 from Rs 22.12 million for the quarter ended December 2005.
Total income dipped 44.58% to Rs 12.27 million for the quarter ended December 2006 from Rs 22.14 million for the quarter ended December 2005.
The loss per share of the company stood at Rs 0.73 for the quarter ended December 2006.

In Brief

 
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