CMI Ltd bags Rs.107 Crore wire supply contract from East Coast Railway

The company is engaged in manufacturing cables for various industries such as railways, oil and gas, telecommunications, energy, industrial, power, petrochemicals, etc.

NEW DELHI: Cable manufacturer CMI Ltd on January 1 said it has bagged a Rs 107-crore contract from Indian Railways for supply of cadmium catenary wire.

“CMI has secured L1 (lowest bidder) position for supply of cadmium catenary wire to East Coast Railway for a value of Rs 106.64 crore. The tender was decided through a reverse auction process,” the Delhi-based company said in a filing to BSE.

The company is engaged in manufacturing cables for various industries such as railways, oil and gas, telecommunications, energy, industrial, power, petrochemicals, etc.

According to the company, its list of customers include Indian Railways, various metro corporations, IOC, BPCL, GAIL, ISRO, BHEL, NTPC, BSNL, Visakhapatnam Steel Plant, among others.

Shares of the company on January 1 closed 3.03 percent up at Rs 180.45 apiece on BSE.

The company has been on a growth trajectory over the past few years, With its tag line “Cables That Empower “and with continuous focus on developing specialty products in the past years, the Company has served several elite clients in the infrastructure, solar, cement, power, oil & gas, telecom and Railways & Metro.

CMI is a leader in the development, design, manufacture, marketing and distribution from power cables to telecommunication cables including electric cables for Railways, Metros, Utility, Buildings, Data Transmission, Instrumentation, Submarine Cables, Control, Special cables and Extra High Voltage cables for market segments namely Railways, Oil & Gas, Petrochemical, Energy, Industrial, Communication and Special Applications.

CMI offers products conforming to various specifications, including but not limited to IS, IEC, IEEE, VDE, and other international standards covering entire range of cable products. CMI has best- in- class research and development, testing and production facilities. The development of unique compounds designed and tested to meet specific needs and stringent specifications, differentiates CMI make Cable from all others. It is our inherent quality of constantly evaluating ourselves and implementing new measures that fortifies our strength. Due to this dynamism in thought and action, we have built a robust business model and we are continuously strengthening our growth capabilities and deepening our growth appetite.

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