openPR Logo
Press release

CMI Limited announces the completion of the Acquisition of General Cables Energy India Pvt. Ltd., Baddi, a fully owned subsidiary of General Cable Corporation (GCC), a Fortune 500 company

03-02-2016 09:12 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: CMI Limited

/ PR Agency: Finese PR
CMI Limited, the leading BSE listed specialty cable manufacturing company, today announced the completion of the acquisition of General Cables Energy India Pvt. Ltd. (GCE) a fully owned subsidiary of General Cable Corporation (GCC), a Fortune 500 company. The company with its facility located at Baddi, in Himachal Pradesh, will now become a wholly owned subsidiary of CMI Limited.

A total outlay of Rs.150 Crores has been earmarked for the project, which will be financed by a mix of Debt and Equity.

“CMI has also inherited GCC’s international processes and systems for manufacturing specialized cables, through this acquisition. For us it is a win-win situation, wherein we are not buying just the facility but are also getting the best global standards in plant and machinery that goes with it”, says Mr. Amit Jain, Managing Director, CMI Ltd. “With this acquisition of GCE, CMI will exponentially increase its manufacturing capabilities”.

The GCE acquisition is now complete and the facility is likely to be operational by the first quarter of 2016-2017. With this acquisition, CMI is likely to be amongst the leading manufacturers in the country, in the areas in which it operates.

General Cable (NYSE:BGC), an industry leader and innovator for 170 years, is today one of the largest wire and cable manufacturers in the world. GCC is a global leader in the development, design, manufacture, marketing and distribution of copper, aluminium and fibre optic wire and cable products for the energy, industrial, specialty, construction and communications markets.

GCE facilities can manufacture all types of cables that are currently being manufactured by CMI. The new facility has the facilities to manufacture Extra High Voltage Cables, HT Aerial Bunched Cables, HT & LT Cables(EPR/XLPE/PVC),Signalling Cables, Air field Cables, PTFE , Balise Cables, Co-Axial Cables, LSZH/TPU Sheathed Control Cables, Railway Signalling & Power Cables, Indoor Signalling Cables, 0.9 & 1.4mm Conductor Axle, Counter Quad Cables for Railways, Jelly Filled Telecom Cables, Rubber Cables, Thermocouple Cables Individual/ Overall – Shielded/ Braided Instrumentation Cables, Fire Alarm/ Signal/ Control/ Screened Cables, Telecom/ Power Cables with FRLS/LSZH, House Wires, Fire Resistant/ Fire Survival Cables, FR/ FRLS/ LSZH/ HFFR Cables, Automobile Wiring, Welding Cables, Field Bus Cables, PCM Cables, Profibus, PIJF Telecom Cables, Data Cables, Telephone Cables, Submersible Cables, Antitheft Cables, Specialty Cables for SMART Cities, Shipboard Cables, Naval Ship Cables, Braided Cables, Mining Cables, DC Cables, Composite Cables, Underwater Cables, Solar Cables, Overhead Conductors – AAC, AAAC at the new facility at Baddi.

GCE manufacturing facility is spread over an area of 80,000 sq meters. It’s a certified Green Building with all the Modern and state of art manufacturing facilities and machineries to manufacture various types of cables. Plant is designed to reduce waste, pollution, and environmental degradation with an energy efficiency of 20-30% as compared to other plants of similar size.

About CMI Limited:
CMI Limited is a leading specialty cables manufacturing company. CMI Limited is listed on BSE (BSE Code: 517330) and closed the year 2014-15 with revenues of Rs. 137.28 Cr.

CMI Limited, incorporated in 1967, is today a well known and reputed supplier of specialty cables to the who’s who of the industry. The focus in the organization is on latest technologies leading to new product development.

CMI is one of the few approved vendors for Railways, Space & Research, Defense, Telecommunication, Petrochemicals, Refineries, Power, Mining and various other Sectors.

CMI Ltd. has an illustrious list of clients that includes Railways & its subsidiaries like IRCON. RITES, MRVC, Konkan Railways, DLW, DMRC & other metros; Oil & Refinery industries like IOCL, BPCL, BORL, GAIL, MRPL, HPCL, ONGC; Leading Government companies like EIL, ISRO, BHEL, NLC, NTPC, NPC, BSNL / MTNL and HEC; Private Sector EPC companies like L&T, Alstom, Siemens, Hitachi, Linde, Thales, Lurgi, Technip and ABB; Steel plants like Vishakhapatnam Steel Plant, etc. CMI has also exported cables to Sri Lanka, Bangladesh & Iran Railways.

CMI manufactures a wide variety of specialty cables including Railway Quad cables, Signalling cables, Balise cable for
Train protection & warning system, Fire survival cables, LSZH / FRLS sheathed cables, Control & instrumentation cables, Cables with TPU sheath, PTFE cables, Special cables for multi object tracking radar, Fire alarm & communication cables, PIJF telecom cables, EPR/CSP/PCP insulated & sheathed Rubber cables, Linear Heat sensing cables, etc.

Finese PR,
181, (Ground Floor),
Anand Vihar
New Delhi 110034, India

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release CMI Limited announces the completion of the Acquisition of General Cables Energy India Pvt. Ltd., Baddi, a fully owned subsidiary of General Cable Corporation (GCC), a Fortune 500 company here

News-ID: 324884 • Views: 1251

More Releases from CMI Limited

Breast Biopsy Devices Market - Global Industry Analysis 2024
A breast biopsy is the removal of a sample of breast tissue or cells that is to be tested for breast cancer or any others breast related disorders. Breast biopsy is mainly preferred to detect breast cancer. The medic may recommend a biopsy when the female patient has an uncharacteristic lumps in the breast. A doctor may also recommend a breast biopsy when the patient has an abnormal change in
Pharmaceutical Excipients Market - Global Industry Analysis 2024
Pharmaceutical Excipients – Paving the way for Low-cost Pharmaceuticals Pharmaceutical excipients are crucial contents of a formulation that enable effective drug absorption. Excipients must suit the intended dosage form and comply with regulatory requirements i.e. pharmacopeial standards to ensure finished product quality. Moreover, their compatibility is crucial in dosage forms that involves taste masking, coating, controlled and sustained release, and oil base (emulsifiers). The International Pharmaceutical Excipient Councils (IPE) governs the
Orthopedic Trauma Devices Market - Global Industry Analysis 2024
Orthopedic Trauma Devices Market Overview Orthopedic trauma is a condition that includes injuries mainly affecting the human skeleton and deteriorating the condition of the subject. It includes the conditions ranging from simple fracture to severe life threatening injuries that are caused due to accidents. Orthopedic trauma includes multiple broken bones across different parts of the body that involve extensive reconstructive surgery. Severe orthopedic traumas can only be treated by fracture specialists
Antidiabetic Biosimilars Market - Global Industry Insights, Trends, Outlook, and …
Antidiabetic biosimilars market overview Antidiabetics help control blood glucose levels in diabetic patients. Various types of antidiabetics include biguanides, thiazolidinediones, DPP-IV inhibitors, α-glucosidase Inhibitors, sulfonylureas, insulin, and GLP-1 receptor agonists such as exenatide. A biosimilar product is biological product that is approved on the basis that it is highly similar to a FDA approved biological product known as a reference product. Biosimilar manufacturers need to generate data from lab testing and

All 5 Releases

More Releases for Cable

Cable Assembly Market
According to a new market research report “Cable Assembly Market by Product (Custom/Application Specific Assemblies, Rectangular Assemblies, Radio Frequency (RF) Assemblies, Circular Assemblies), Application (Automotive, Telecom, Industrial, Medical), and Geography - Global Forecast to 2025”, published by Meticulous Research®, the global cable assembly market is expected to reach $220.7 billion by 2025, growing at a CAGR of 6.7% from 2019. Download Free Sample Report @ Cable assembly is a collection of
World Cable Assembly Market
ReportsWorldwide has announced the addition of a new report title World Cable Assembly Market to its growing collection of premium market research reports. ‘2016 World Cable Assembly Market’, a new research report from industry leader Bishop & Associates, addresses these questions and many more. This 17-chapter, 230-page report provides a detailed analysis in US dollars for the years 2015 through 2021, by region, end-use equipment sector, and cable assembly type. Our
Pre-branch Cable
Global and China Pre-branch Cable Market 2016-2021 Market Research Report The report Pre-branch Cable offers a detailed impact analysis of the key trends shaping the Industry. The Industry determinants, i.e. drivers, restraints, opportunities, and threats have been covered in the report. The research study delivers a detailed analysis of the consumer trends that are influencing the Industry. The impact analysis of the Industry drivers, restraints, and opportunities is presented in the
New Cable Stripping Tools
Halver, 18 August 2015 – As of now, new cable stripping tools supplement the original accessories of the connector- and housing specialist ESCHA. Outer jackets of cables with various lengths and diameters can now be removed easily and quickly with the so called ‘Cable Strip Tool‘ and the ‘Cable Cut Tool‘. Cable Strip Tool The Cable Strip Tool works like a pair of pliers. Thereby, the cable is simply laid between the
Cable Joints Manufacturers, Cable Joints Exporters
Yamuna Power & Infrastructure Ltd or Yamuna Power or YPIL is an ISO 9001:2000 certified Company and established in 1973 with Corporate Office at Delhi, India & manufacturing unit at Jagadhri, Haryana. We are leading Cable Joints manufacturers and Cable Joints exporters offer wide range of Cable Joints, Heat Shrink Cable Joints, Heat Shrinkable Cable, Cold Shrink Cable Joints, Cable Jointing Accessories, Heat Shrink Tubing and many more. YPIL is
Cable Joints, Cable Joints Manufacturers
Yamuna Power & Infrastructure Ltd. (YPIL) is a quality oriented company offers an array of Cable Joints and a wide range of contemporary Power Cables, Heat Shrink Cable Joints, Heat Shrinkable Cable, Cold Shrink Cable Joints, Cable Jointing Accessories, Heat Shrink Tubing and other Cable Accessories meeting international quality norms and supplies them at the most reliable prices. The great success and unsteady growth of us is nothing but impeccable