Press release
CMI Ltd. bags orders worth Rs. 32.64crore from BHEL for supply of LT XPLE power cables
CMI Ltd. bags orders worth Rs. 32.64crore from BHEL for supply of LT XPLE power cablesCMI Limited, the BSE & NSE Listed Specialty Cable company, has been awarded order worth 32.64crore from BHEL(Bharat Heavy Electricals Ltd), to provide LT XPLE cables.
The order from BHEL to supply LT XPLE cables will be delivered within the next 4 and a half months. The cables to be supplied to BHEL will be aluminum armoured cables as well as Copper armoured cables.
“Our order book continues to be strong. This order from BHEL confirms our belief that the infrastructure sector in India is on a high growth trajectory. Coming quarters are likely to further witness an uptick in the Investment cycle particularly in the core infra sectors like Power and Railways which augurs well for CMI”, says Mr. Amit Jain, MD, CMI Ltd.
Power segment continues to be a focus area for CMI and should contribute around 20-25% revenue to CMI’s topline by 2019. CMI is already a preferred supplier to the big names in the power segment including GETCO(Gujarat Energy Transmission Corporation Limited), MVVNL(Madhyanchal Vidyut Vitran Nigam Limited), JVVNL(Jaipur Vidyut Vitran Nigam Limited), BHEL etc.
About CMI Limited:
CMI is a listed, specialty cables company (BSE Scrip Code: 517330, NSE Symbol: CMICABLES). CMI closed the year 2016-17 with revenues of Rs.346.03 Crore.
CMI focus is currently on new product development with the emphasis on latest technologies at its facilities. CMI’s original facility is located at Faridabad in Haryana. CMI began the Commercial Production at its new facility at Baddi, Himachal Pradesh in April 2016, which was a part of its acquisition of General Cable Energy Private Limited from fortune 500 Company, General Cable Corporation. It is India’s first green factory in the segment.
Today, CMI manufactures a wide variety of cables for infrastructure, Railways, Oil& Refinery industries, Engineering Companies, EPCC contractors, and the like.CMI’s satisfied customers include 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 EPCC companies like L&T, Alstom, Siemens, Hitachi, Linde, Thales, Lurgi, Technip and ABB; Steel plants like Vishakhapatnam Steel Plant, Bhushan Power & Steel, etc. CMI has also exported cables to Sri Lanka, Bangladesh & Iran Railways.
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