CMI Bags Order From BHEL Worth INR 326.4 Million
CMI Limited, Specialty Cable company, has been awarded order worth INR 326.4 million from BHEL(Bharat Heavy Electricals Ltd), to provide LT XPLE cables.
The order from BHEL to supply LT XPLE cables will be delivered within the next 4 and a half months. The cables to be supplied to BHEL will be aluminum armoured cables as well as Copper armoured cables.
"Our order book continues to be strong. This order from BHEL confirms our belief that the infrastructure sector in India is on a high growth trajectory. Coming quarters are likely to further witness an uptick in the Investment cycle particularly in the core infra sectors like Power and Railways which augurs well for CMI", says Mr. Amit Jain, MD, CMI Ltd.
Power segment continues to be a focus area for CMI and should contribute around 20-25% revenue to CMI's topline by 2019. CMI is already a preferred supplier to the big names in the power segment including GETCO(Gujarat Energy Transmission Corporation Limited), MVVNL(Madhyanchal Vidyut Vitran Nigam Limited), JVVNL(Jaipur Vidyut Vitran Nigam Limited), BHEL etc.
- Issued By:BHARAT HEAVY ELECTRICALS LIMITED
- Bagged By:
- Value:INR 326.4 Million
- Published On:2017-11-08