PUNJAB COMMUNICATIONS Share price

Punjab Communications Ltd. was incorporated on 21st July 1981 by Punjab State Electronics Development & Production Corporation Limited (PSEDPCL). The certificate of commencement of business was obtained on 1st September 1981 after which the company entered into the production of Direct-to-Line Multiplexing Equipment (DTL). During PCL''sexistence of over 10 years it has become a multi product company producing various hitech items used in the telecom sector namely Direct to Line Multiplexer Pulse Code Modulated Multiplexer Trans Multiplexer Voice Frequency Telegraph Rural Automatic Exchange Main Automatic Exchange Electronic Private Automatic Branch ExchangeDigital UHF Radio Microwave Radio etc. The major users of these products are Department of Telecommunications Railways Defence State Police organizations ONGC Videsh Sanchar Nigam and lndustrial enterprises.The main entry barriers in the industry are the high cost of research and development heavy expenditure on technical know-how and fast obsolescence. The Telecom industry was reserved for public sector undertakings untill 1988. The industry has now been opened to private sector resulting in increased competition. Inspite of severecompetition the company has maintained its growth and profitability. Over the years PCL has developed inherent strengths and well diversified product lines and is geared to meet the competition. Further the company has been awarded ISO 9002 certification and Approved Inspection Status for four of its products by the DoT.