CMI Secures LOI for Maiden Order of Rs 20.93 Cr from Railways | CORPORATE ETHOS

CMI Secures LOI for Maiden Order of Rs 20.93 Cr from Railways

By: | January 4, 2019
cmiltd

CMI Ltd (BSE:517330, NSE: CMICABLES) received a letter of intent for the maiden order from East Central Railways to the tune of Rs 20.93 Cr for its Baddi Plant. The order is meant for supply of 1144.64 km of Railway signalling cables in next nine months time.

Amit Jain, CMD of CMI said, “Year 2019 seems to be quite lucky for us as the New Year has started with flow of orders to be executed from CMI Energy India Pvt Ltd as a wholly owned subsidiary of CMI Ltd after the RDSO approval received for Baddi plant a few months back.”

CMI is one of the leading companies in the manufacturing of various types of cables that meet requirements of a wide spectrum of clients like Railways and Metros, power generation, distribution, transmission, industrial, telecom, building construction etc.