Category: Cable Industry
Ravin Cables, a leading manufacturer in cables has signed a joint-venture agreement with Prysmian Group of Italy to manufacture low, medium, high voltage cables. The group has secured 51% stake while the remaining vests with the promoters. The company has its primary manufacturing facilities at Pune. It also has a joint-venture agreement with Power Plus Cable Co LLC, a joint-venture company with government of Fujairah. Currently, the Indian market does not have much technical expertise and the company intends to capitalize much on this venture.