CMI rises over 3.5%

CMI Ltd executed its maiden export order from Mauritius for the supply of XLPE LVIHV underground Power Cables from the company's plant located at Baddi- Himachal Pradesh.

With the successful execution of this order the company products are getting better recognition from other countries as well. The company is quite confident of procuring more export orders soon.

On this news, the stock price rose over 3.5% to Rs.155, clocking volumes of over 1.5 times. Its 52-week high is at Rs.371.60 and low at Rs.115.50.

CMI is engaged in the business of manufacturing cables for various industries including Railways, Oil & Gas, Telecommunications, Energy, Industrial, Power, Petrochemicals. The company’s product portfolio includes electric cables for Railways, Metros,Utility, Buildings, Data Transmission, Instrumentation, Submarine Cables, Control Cables, Special Cables and Extra High Voltage (EHV) Cables.

The company is an approved vendor for supply of signalling cables to Railways, and the primary source of revenue is by supplying signalling cables and other safety cables to Railways and other government agencies.