Specialty cable company CMI Ltd has bagged an order worth Rs 86.95 crore from Central Railways.

According to the company, the order is for supply of PVC insulated, armoured, copper conductor underground railway signalling cable for 6,449.89 km. This order will be delivered within the FY 2017-18 staggered over a period of 9 months, it added.

Commenting on the development, Amit Jain, CMD, CMI Ltd, said, “the government’s continued thrust on electrification, network enhancement and decongestion of Indian railways as well as the development of metro rail projects across India are spelt as good news for the wire and cables sector. CMI with its strong railway orientation, will be an obvious participant in this growth story.”

According to CMI, supply of signalling cables and quad cables to railways contributed 45% to the total revenues of CMI in 2016-17.

here is company details.

 

NOTE :You need to login first to access this feature.