CMC Ltd appraised at PCMM Level 5

CMC Ltd., a subsidiary of Tata Consultancy Services (TCS) has announced that the company and its subsidiary CMC Americas have been successfully appraised at People CMM® Maturity Level 5. The assessment was carried out by SEI partner KPMG, India. With this assessment, CMC joins the elite group of P-CMM® Level 5 appraised companies across the globe.

Speaking on the occasion, Mr. R Ramanan, MD & CEO, CMC Ltd. said, "In knowledge intensive industry such as ours people are our greatest asset. PCMM® level 5 is an important part of our commitment to providing value adding solutions and services through world class talented innovative people with supporting world class processes".

People CMM® is designed to help organisations characterise the maturity of workforce practices, create a programme for continuous workforce development, prioritise improvement actions, and integrate people development with workgroup and delivery processes to promote a culture of excellence and innovation. Characteristically, People CMM® aligns individual aspirations with the organisational goals. Level 5 is the highest attainable level signifying commitment of the highest order towards the people.

Shares of CMC Ltd was last trading BSE at Rs.1287, down by Rs.47.60 or 3.57%. The stock hit an intraday high of Rs.1287 and intraday low of Rs.1287.

The total traded quantity was 1 shares as compared to 2 week average of 974 shares.

Source : Equity Bulls

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