Power Update

CMI bags order worth Rs 32.64 cr from BHEL

CMI Ltd has awarded order worth Rs 32.64 crore from Bharat Heavy Electricals Ltd (BHEL) to provide LT XPLE cables. The order from BHEL to supply LT XPLE cables will be delivered within the next 4 and a half months. The cables to be supplied to BHEL will be aluminium armoured cables as well as copper armoured cables.

“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 Amit Jain, MD, CMI Ltd.

Power segment continues to be a focus area for CMI and should contribute around 20-25 per cent revenue to CMI’s topline by 2019. CMI is already a preferred supplier to the big names in the power segment including Gujarat Energy Transmission Corporation Limited (GETCO), Madhyanchal Vidyut Vitran Nigam Limited (MVVNL), Jaipur Vidyut Vitran Nigam Limited (JVVNL), BHEL etc.

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