The shares of CMI company hiked around 5.6% intraday Tuesday after the firm win a giant order worth INR 106.64 Crore for the supply of Cadmium Catenary wire. The East Coast Indian Railways gave an order to this company.
“The company has secured the L1 position for supply of cadmium catenary wire to the East Coast Indian Railways for getting an order worth INR 106.64 Cr,” a cable manufactured said. Of course, the tender was decided via a reverse auction process.
At 4:00 PM, January 1, 2019, the share price was quoting at INR 180.45 up INR 5.30 or 3.03%
About CMI Limited:
CMI Limited is ISO 9001, OHSAS 18001 certified company and a headquarter in Delhi manufacturing cables for diverse industries like Oil & Gas, Railways, Energy, Power, Industrial, Petrochemicals, Telecommunications, etc. Since invented, the company has been serving various elite clients in railways, solar, infrastructure and more under the tagline Cable That Empower“.