Specialty cable major CMI Ltd has been awarded a Rs 32.64-crore order by BHEL (Bharat Heavy Electricals Ltd), to provide LT XPLE cables. CMI has to supply aluminum armoured as well as copper armoured cables, which are to be delivered within the next four and a half months.
“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 the company’s managing director Amit Jain.
Jain adds that the power segment continues to be a focus area for CMI and should contribute around 20-25% revenue to the company’s top line 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,” he stresses.