CMI Limited, one of the leading players in the cable industry having its plant at Faridabad and Baddi, District Solan, Himachal Pradesh has been included as vendor with few prestigious companies in the 3rd quarter ending December 2018.
- Vendor approval for manufacturing & supply of XLPE/PVC Power Cable and PVC insulated Control Cable for Power Grid Projects.
- Vendor approval for manufacturing of Power cables, control cables, telephone cables and Optical fibre cables from Airport Authority of India limited.
- Vendor approval for electrical Power cables from Mazagaon Dock Shipbuilders Ltd.
- Vendor approval for all type of cables from Jawahar lal Nehru Port trust.
With the increased list of Vendor approval the Manufacturing capacity of Baddi plant is going to improve considerably in the year 2019.
Commenting on the results, Amit Jain, Chairman and Managing Director, Cmi Limited said, "Our focus on consistently increasing our clientele and new product development using advance research and development techniques have augmented well with our vision to become a leading player in the Cable Industry."
Shares of CMI LTD. was last trading in BSE at Rs.152.8 as compared to the previous close of Rs. 149.6. The total number of shares traded during the day was 9839 in over 261 trades.
The stock hit an intraday high of Rs. 155 and intraday low of 151.05. The net turnover during the day was Rs. 1503656.