Wires & Cable

GST shock for electric cable, wire prices

The prices of electric wire & cables are set to go up with manufacturers looking to pass on the higher goods and service tax to buyers. According to industry estimates, prices could increase 8-10% under the new indirect tax regime. The price of electric wire would automatically increase under the new tax structure. Earlier the tax rate (incl. of excise & VAT) was 18%. After the implementation of the GST, the tax would rise to 28% across the country. An industry delegation highlighted the sharp rise in tax rate to GoI. Manufacturers also questioned the logic of placing a higher tax when a sig. portion of the industry remains unorganised. A lower tax rate would have certainly helped the industry becoming more organised. The unorganised sector seems to continue to thrive as recycled & scrap copper could be easily smelted to make cheap items.

Select base metals rise on good demand

Select base metals including copper, zinc, tin and nickel rose further at the non-ferrous metal market here today following stockists buying amid sustained demand from industrial users. Tin climbed by Rs 20/kg to Rs 1,420 from Thursday’s closing level of Rs 1,405. Nickel rose by Rs 5/kg to Rs 685 from Rs 680. Copper cable scrap, copper armature, copper wire bar and copper sheet cutting advanced by Rs 4/kg each to Rs 398, Rs 375, Rs 426 and Rs 370 from Rs 394, Rs 371, Rs 422 and Rs 366. Copper scrap heavy and copper utensils scrap moved up by Rs 2/kg each to Rs 391 and Rs 352 as against Rs 389 and Rs 350 previously. Zinc edged-up by a Re/kg to Rs 219.
CMI Ltd. bags orders from East Central Railways & BHEL for signalling cables HT XPLE power cables
CMI Ltd, the BSE & NSE Listed Specialty Cable company, has been awarded orders worth more than 30 Cr from East Central Railways and BHEL(Bharat Heavy Electricals Ltd), to provide Railway Signalling cables and HT XPLE cables, respectively. The order worth Rs 9.97crores from BHEL to supply HT XPLE cables will be delivered within the next 4 months, while the order for the Railway Signalling cables for Rs 20.68 Cr will be staggered over a period of 8 months. These orders are also revenue accretive and together with several other orders (received in May 2017), will add over 151 Cr to the topline for FY 17-18.

India gets a new Internet cable system AAE-1

The Asia-Africa-Europe (AAE-1) submarine cable system which connects 19 countries including India, along with 21 cable landing points is now live. The cable system spans 25,000 Km connecting South Asia, Europe, Middle East and North Africa. The AAE-1 submarine cable system was built with joint efforts from a consortium of 17 telecom operators from all of these countries and commercially went live on 23rd June 2017, according to the SubmarineCableNetworks report.
Capacity: The AAE-1 cable system has a maximum capacity of 100 Gbps, along with a design capacity of more than 40 TeraBytes with 5 fibers pairs or 5 different fiber Cables spanning 25,000 Km.
Point of Presence (PoPs): A total of 21 PoPs or cable landing positions including in Hong Kong, Vietnam, Cambodia, Malaysia, Singapore, Thailand, India, Pakistan, Oman, UAE, Qatar, Yemen, Djibouti, Saudi Arabia, Egypt, Greece, Italy and France.
Telecom members: A total of 19 telecom members include China Unicom, CIL (HyalRoute), Djibouti Telecom, Etisalat, GT5L, Mobily, Omantel, Ooredoo, OTEG, PCCW, PTCL, Reliance Jio, Retelit, Telecom Egypt, TeleYemen, TOT, Viettel, VNPT and VTC, as per SubMarine CableNetworks and the official AAE-1 website.
Reliance Jio’s role: The company did not clarify the amount of bandwidth it will receive from the cable system in its statement. Jio, however, said that it will take care of Network Operations & Mgt for AAE-1 Cable System.
Dedicated Use: In India, the AAE-1 cable system will help bring better capacity for mobile apps, especially for video-centric data bandwidth, according to Jio’s statement.
BSNL to set-up 25k Wi-Fi hotspots at rural exchanges
The state-run Bharat Sanchar Nigam Limited (BSNL) on Friday signed an agreement with the Universal Service Obligation Fund (USOF) to set up 25,000 Wifi hotspots in its rural exchanges by next 6 months. The MoU in this regard was signed here in the presence of Communications Minister Manoj Sinha. The setting up of 25,000 Wi-Fi hotspots shall be funded from the USO Fund, with the government providing full capital expenditure and operational expenditure (OPEX) support to the tune of Rs 940 crore for the project, a BSNL statement said. 

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