Universal Cables Limited announced that the company has executed the Deed of Amendment on 19 May 2023, to the Manufacturing Technical Collaboration Agreement dated 9 August 2018 (MTCA) by and between the Company and NKT GmbH & Co. KG, Germany (NKT). The Deed of Amendment has been duly approved by the Board of Directors of the Company at its Meeting held on 18 May 2023.

Area of MTCA: NKT agrees to provide the Manufacturing Technical Information for 400kV Extra High Voltage XLPE Underground Cable ('Product') and System. The Manufacturing Technical Information mean and include technical know-how imparted by NKT to the Company by way of providing Product & System design, manufacturing expertise, the supply of Jointing Accessories, Associated Accessories and its installation in its integrated form to the Company. Under the MTCA, NKT also grants to the Company an exclusive, non-transferable and non-sublicensable right under the Manufacturing Technical Information to manufacture 400kV grade underground EHV Cables (Product) and/or processing the Product at Company's manufacturing facility at Satna (Madhya Pradesh), India.

Domestic/International: The MTCA has been signed for manufacturing 400kV Extra High Voltage XLPE Underground Cables at Company's manufacturing facility situated at Satna (Madhya Pradesh), India. Scope of business operation of MTCA: Design, drawings, guaranteed technical particulars, system drawing; Imparting manufacturing process parameters; Quality Assurance & Testing; Installation and commissioning of all types of 400 kV Extra High Voltage XLPE Underground Cables conforming to domestic and international specifications. Details of consideration to be paid/received in MTCA: A running royalty at 2.50% of the Net Ex-factory Selling Price of the 400kV Extra High Voltage XLPE Underground Cables manufactured and sold by the company during the currency of MTCA, to be calculated in the manner provided in the MTCA.

Significant terms and conditions of MTCA: Apart from providing the Manufacturing Technical Information, NKT, the technology provider would support the Company by supplying 400kV Cable Jointing and other Accessories. The term/validity of the MTCA has been revised to ten (10) years from 5 years, with an option to reset the term, subject to mutual written consent between the Company and NKT.