Synopsis: Receiving a purchase order worth Rs. 37.85 crore from a domestic EPC contractor for onward supply to a State Electricity Board, Prime Cable Industries has logged what appears to be its largest single order disclosed on the exchanges  with execution due within six months and rising debtor days warranting close attention.

A purchase order from an undisclosed EPC contractor for supply of cables and conductors to a State Electricity Board brought a Delhi-based NSE SME-listed cable manufacturer into focus on April 22, 2026, under a Regulation 30 disclosure. 

With a market capitalisation of Rs. 192.49 crore, the shares of Prime Cable Industries Limited were last trading at Rs. 105.05 per share, up 4.53 percent from its previous close of Rs.100.5. 

The purchase order, received from a reputed domestic EPC contractor, is for the supply of HT Cables, LT AB Cables, and Covered Conductors as per specified technical requirements. The end-customer is a State Electricity Board in India. The aggregate contract value is Rs. 37,85,31,728, or Rs. 37.85 crore with execution to be completed within six months in FY2027. Standard commercial terms apply: delivery timelines, inspection, warranty, and quality assurance. No promoter or related-party interest exists on the awarding entity’s side.

At Rs. 37.85 crore inclusive of GST, this is the largest single order Prime Cable Industries has disclosed on the exchanges. By comparison, its three most recently disclosed contracts: from Siemens Energy (for the Nepal 220 kV GIS project), a Central PSU, and an LoA-based order were each in the Rs. 6.8–7 crore range. On a net-of-GST basis, the effective revenue from this order falls to approximately Rs. 32 crore, which still represents roughly 23 percent of the company’s FY2025 full-year revenues of Rs. 141 crore.

The EPC-to-SEB supply chain is the standard procurement route for India’s power distribution capex. State discoms and electricity boards source cables at scale through large EPC contractors, who in turn procure from smaller manufacturers like Prime Cable. The arrangement provides volume but typically compresses margins and extends receivables cycles.

Business Overview

Prime Cable Industries Limited, established in 1997 and listed on NSE SME (PRIMECAB), manufactures a range of wires and cables from its two units — one in Narela, Delhi, and one in Neemrana, Rajasthan. Its product portfolio spans LT PVC and XLPE power cables, control cables, aerial bunched cables, instrumentation cables, and building wires. 

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