CMI Bagged Orders From East Central Railways Worth INR 206.8 Million
CMI Limited, the BSE & NSE Listed Specialty Cable company, has been awarded orders worth INR 206.8 million from East Central Railways to provide Railway Signalling cables.
The order for the Railway Signalling cables for INR 206.8 million will be staggered over a period of 8 months.Supply of Signalling cables and Quad Cables to Railways contributed 45% to the total revenues of CMI in 2016-17 while supply of power cables contributed over 12% to the total revenue. The contribution of the power segment to the revenues of CMI is expected to reach around 15% by 2019. Supply of Wires and Cables to Railways has seen a CAGR of 88% over FY 13-16 and it is expected to continue growing at 28-30% over the next few years(FY 16-19).
- Issued By:EAST CENTRAL RAILWAY
- Bagged By:
- Region:Eastern India
- Value:INR 206.8 Million
- Published On:2017-06-23