JD Cables Acquires Kolkata Property For Rs 104.5 Million

JD Cables Ltd, a leading manufacturer in the cables and electrical solutions sector, has announced the acquisition of a prime property in Kolkata for Rs 104.5 million. The purchase includes both land and a building, reflecting the company’s intent to expand its physical footprint and reinforce its operational capabilities. This move is seen as part of JD Cables’ broader strategy to diversify assets and strengthen its presence in key industrial hubs.  

Key highlights from the announcement include  

• JD Cables Ltd purchased land and building in Kolkata worth Rs 104.5 million.  
• The acquisition adds to the company’s asset portfolio and supports expansion plans.  
• The property is expected to be utilized for operational and strategic growth initiatives.  
• Industry observers view the move as aligning with India’s infrastructure and industrial growth trajectory.  
• The investment underscores JD Cables’ confidence in Kolkata as a strategic location for business.  
• The deal reflects the company’s focus on long-term sustainability and asset-backed growth.  

This acquisition marks a significant milestone for JD Cables Ltd, reinforcing its commitment to growth and positioning the company to leverage opportunities in India’s evolving industrial and infrastructure landscape.  

Sources: Reuters, Business Standard, Economic Times Markets