ADC India Communications Ltd share Price

Incorporated in Jul.`88, Krone Communications was jointly promoted by Krone, Germany, the Karnataka State Electronics Development Corporation and M L Thukral and his associates. The company`s collaborator Krone, Germany, holds a 51% equity stake. The company manufactures telephone connectors including back panel connectors and allied products for use in telecommunication cable network and commercial/industrial cabling systems. Earlier, KCL was just a telecom products company, but has, off late,transformed itself into a total solution provider. In only 10 years, it has established its pre-eminence in the manufacturing and supply of MDF andassociated external plant products. More than 6 million lines stand installed with Krone products, through every single technology - Siemens`,Ericssion`s, Alcatel`s and Lucent`s apart from C-DOT. KCL also providestechnical and marketing support for copper and fiber optictelecommunication networks, structured cabling systems and wireless localloop systems. In Jul.`99, Krone AGs` has been acquired by the US based GenTek Group. With this acquisition, Krone is confident about the unique market position in cable manufacturing business. Krone has launched a unique high end cabling system "TrueNet" in Nov-99. The new LSA NT high density MDF launched last year saw wide acceptance in the market and almost 230K line were successfully delivered during the year. A new German design of the NT module product is going to hit the Indian market.As per the plans the new product is expected to be introduced in April,2003.