Polycab the leader in the cable industry in India is joining hands with the Global leader Nexans

Company Brief

New Delhi, February 19, 2008

Polycab, the silent leader in the cable industry, has signed an agreement with global leader Nexans to form a new Joint Venture.

The Joint Venture Company will manufacture speciality cables such as elastomeric cables and extra high voltage cables that are currently not manufactured by Polycab. The initial phase of manufacturing is expected to commence in the first quarter 2009. It is proposed to name the new company as “Nexans Polycab Private Limited”. The JV would attract an investment of approximately Rs. 1500 million and would produce a sales turnover of Rs. 3000 million in the year 2011.

Mr. R.S. Vaidyanathan, CEO, Polycab Group said, “Polycab’s strong market presence in India and Nexans technical expertise in cables together would be a force to reckon with”.

“With almost four decades of experience in the cable business, I firmly believe that this agreement between us and the World leader would be yet another milestone in the Indian cable industry. I have always believed in choosing the best, in all we do – let it be raw material, machinery, testing equipment, facilities or the people. Therefore I am glad we have chosen yet another No.1 - our Joint Venture partner Nexans, the Number 1 company globally. The collaboration between such two leaders will enable us to POWER the future” said Mr. Inder Jaisinghani, Chairman and Managing Director, Polycab Group. Nexans currently has manufacturing operations in 30 countries and has a sales turnover of over Rs. 400,000 million.

For further information please Contact:

Polycab

Sonal Jaisinghani/Dulhani

Tel: + 9322217643

e-mail: sonal@polycab.com