CMI Limited, one of the leading players in the cable industry having its plant at Faridabad, Haryana and Baddi, District Solan, Himachal Pradesh has been approved as a vendor with ADNOC - (ABU DHABI NATIONAL OIL COMPANY) for their LV Cables, MV Cables up to 33 KV, Control & Instrument Cables. The market potential is of USD 15-20 Million (Approx.) per Annum from ADNOC.
The Company received a trial order from Middle East market paving way for another prestigious Approval.
Mr. Amit Jain, Chairman and Managing Director, CMI Limited said, "Diversity and Innovation has been the hallmark for CMI, establishing us as one of the leading players in the Cable industry".
"Company is continuously striving for excellence in a highly volatile market".
Shares of CMI LTD. was last trading in BSE at Rs.39.3 as compared to the previous close of Rs. 38.45. The total number of shares traded during the day was 6352 in over 7 trades.
The stock hit an intraday high of Rs. 39.5 and intraday low of 38.6. The net turnover during the day was Rs. 247672.