ADITYA INFOTECH ENTERS INTO JOINT VENTURE AGREEMENT WITH ORIENT CABLES
CPPLUS manufactures and provides video security and surveillance products under the brand name CP Plus. The company has entered into a 50:50 joint venture agreement with Orient Cables to manufacture electric cables, including LAN and CCTV cables, as well as connectors and related products. Both companies will contribute equally and maintain joint control through equal board representation and shared decision-making on key matters.
Listed in Aug25, the company's stock price has given strong returns of 115% in the last 8 months. It has reported a strong sales growth of 24% CAGR over the last 3 years. This JV will expand the company's product portfolio and help boost sales growth.
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