Date of Post: 02 Jan, 2019
Cable manufacturer, CMI Limited has bagged a Rs 107 crore contract from Indian Railways for supply of cadmium catenary wire, it said on Tuesday.
The company said in a filing to BSE,”CMI has secured L1 (lowest bidder) position for supply of cadmium catenary wire to East Coast Indian Railways for a value of Rs 106.64 crore. The tender was decided through a reverse auction process.”
- The company is engaged in manufacturing cables for various industries such as railways, power, energy, telecommunications, oil & gas, industrial, petrochemicals, etc.
- Its list of customers include Indian Railways, various metro corporations, NTPC, BSNL, GAIL, ISRO, BPCL, BHEL, IOC, Visakhapatnam Steel Plant, among others, according to the company.
- Shares of the company on Tuesday closed 3.03% up at Rs 180.45 apiece on BSE.
About CMI Limited
Headquartered in Delhi , CMI Limited, the company is ISO 14001, 9001 and OHSAS 18001 certified, is engaged in manufacturing cables for various industries such as Railways, Gas and oil, Petrochemicals, Industrial, Telecommunications, Power, Energy, etc.
The Company’s robust business model, the capability to adhere to domestic and international specifications and sharp business acumen of the management has led to the creation of high brand equity over the years. The Company’s continuous focus on delivering a broad range of quality products and in-house R&D capabilities has helped to distinguish it self in the highly commoditized market place.
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Narinder Sharma is a part of the content team of Rail Analysis India as a writer and marketing executive.
His interest is in the Railways , Metro and Transportation Sector of India .
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