Globus Corporation Limited.

About Us

Globus Corporation Limited (formerly known as Karuna Cables Ltd.) is a Public Limited ISO 9001 – 2008 Certified Company incorporated under the Companies Act 1956. The Company was incorporated in the year 1984 as a Pvt. Ltd. Company to manufacture Aluminium Conductors. The manufacturing unit is set-up on 3 acres of land just 20 Kms outside Hyderabad, Andhra Pradesh. The constructed shed covers 25,000 sq.ft. and another 2,500 sq.ft of the Administration Block which consists of the testing laboratory, spares room, and offices. The company is having its Registered and Corporate Office at Mumbai, Maharashtra. Production first commenced in the year 1987. The Company has grown from a small unit to a medium sized Company manufacturing various bare aluminium conductors and having a turnover of over Rs. 20 Crores.

From the initial supply to Andhra Pradesh State Electricity Department (APSEB) the company got approved by the Power Grid Corporation of India Ltd. (PGCL) in the year 1994 and supplied conductor for the 400 KVA high voltage karga-kersi line. The company manufactures All Aluminium Conductors (AAC), All Aluminium Alloy Conductors (AAAC), Aluminium Conductors Steel Reinforced (ACSR), Aluminium Conductors Alloy Reinforced (ACAR) and Double Paper Covered Aluminium Winding Wire (DPC). These products are used in distribution and transmission lines. The Company has executed orders for Reliance Petroleum, Ghana Electricity Board, Nagarjuna Constructions Ltd., Jyothi Constructors Ltd., and Asian Development Bank funded export orders. Besides the above the Company regularly supplies distribution and transmission conductors to Andhra Pradesh Northern Distribution Company Limited (APNPDCL), Andhra Pradesh Central Distribution Company Limited (APCPDCL), Andhra Pradesh Eastern Distribution Company Limited (APEPDCL), Andhra Pradesh Southern Distribution Company Limited) APSPDCL and Andhra Pradesh Transmission Company Limited (APTRANSCO).

The Company has suspended all man manufacturing and job work activity as a matter of abundant precaution, and for preserving economic value of the company and as a prudent norms of business in 2012. The Board of Directors are in talks with the Bank for clearing its dues against sale of the Company’s assets.

The Company is assessing and evaluating other options and area for business.