CMI FPE secures repeat order from HOA SEN GROUP, Vietnam

Mumbai - CMI FPE has entered into an agreement with HOA SEN Group, Vietnam for design & supply of a 6 - HI single stand reversing cold rolling mill. The main features of the mill are,
1. 1400 mpm line speed.
2. AC electricals.
3. Automatic flatness control system on both sides.
4. Level - 2 automation system.

This is the second order placed by the HOA SEN Group upon CMI FPE for 6 - Hi Mill.

With the above order, CMI FPE has reached an order book position of Rs 700 crore.

The stock was trading at Rs.687, up by Rs.27.85 or 4.23%. The stock hit an intraday high of Rs.692.10 and low of Rs.670.

The total traded quantity was 842 compared to 2 week average of 1211.

Source : Equity Bulls

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