Cords Cable industries Limited has received approval as a vendor for government works in the State of Punjab for "Aluminium Conductor LT Cables (ISI Marked)".
This approval enables the company to offer CORDS make approved product(s) towards bidding and participating in various Punjab government’s projects including those undertaken through / by PWD Punjab, Greater Mohali Area Development Authority (GMADA), Department of Local Govt, Punjab Health System Corporation, Punjab Police Housing Corporation Ltd., Punjab Mandi Board, Panchayati Raj Department.
Further, this approval shall also enable the company to expand its dealer foot—prints and point of sales in the State of Punjab.
The approval shall be valid for a period of Two year from the date of approval, basis fulfilling the stated quality criteria and specific conditions.
Cords Cable Industries Limited enjoys strong brand equity in the BZB segment. This approval testifies the product quality and execution capabilities possessed by CORDS. Company has got approvals from the Airports Authority of India (AAI), Samsung Engineering Co. & Abu Dhabi National Oil Company (ADNOC) in the past. Company's focus on maintaining highest standards-of quality has enabled it to develop & maintain long term relationships with clients and thus making CORDS a preferred brand for Specialty cables.
Shares of CORDS CABLE INDUSTRIES LTD. was last trading in BSE at Rs.57.5 as compared to the previous close of Rs. 58.8. The total number of shares traded during the day was 314 in over 6 trades.
The stock hit an intraday high of Rs. 58.5 and intraday low of 57. The net turnover during the day was Rs. 18198.