April 11 2016, 14.09 PM IST || Pocket News Alert
CMI Limited, the BSE listed Specialty Cables Manufacturer, today announced the beginning of the Commercial Production at its new facility at Baddi, Himachal Pradesh. This facility is a part of the recently acquired General Cable Energy Private Limited from fortune 500 company, General Cable Corporation.
General Cable Energy Private Limited, which was rechristened as CMI Energy India Private Limited, is in the process of being merged with CMI Limited, the scheme for which has already been approved by the board of CMI Limited and is awaiting statutory clearances.
CMI Limited expects to add Rs. 1000 crores in capacity, with the commencement of this facility. In the next 3 years, the company expects to optimally utilize the additional capacity. The commercial production at the facility has begun in a record time of 50 days, post acquisition. The total capex on this facility is Rs.150 Crore.
“With the commencement of production at the state of the art manufacturing facility in Baddi, CMI Limited has now become one of the few players in India which has the capability of manufacturing Specialty Cables for wide ranging sectors, meeting stringent quality and test parameters for extreme condition usage”, says Mr. Amit Jain, MD, CMI Limited. He further added that this facility will also help in import substitution of a wide variety of Specialty Cables.
The new facility complements the product offerings already manufactured by CMI, bringing it to the select league of companies in India to offer comprehensive product basket to its customers. Not only this, the new facility can also manufacture all types of cables that are currently being manufactured by CMI. Some of the cables that can be manufactured include Extra High Voltage Cables, HT Aerial Bunched Cables, HT & LT Cables(EPR/XLPE/PVC),Signalling Cables, Air field Cables, PTFE , Balise Cables, Co-Axial Cables,LSZH/TPU Sheathed Control Cables, Railway Signalling & Power Cables, Indoor Signalling Cables, 0.9 & 1.4mm Conductor Axle, Counter Quad Cables for Railways, Jelly Filled Telecom Cables, Rubber Cables, Thermocouple Cables Individual/ Overall – Shielded/ Braided Instrumentation Cables, Fire Alarm/ Signal/ Control/ Screened Cables, Telecom/ Power Cableswith FRLS/LSZH, House Wires, Fire Resistant/ Fire Survival Cables, FR/ FRLS/ LSZH/ HFFR Cables, Automobile Wiring, Welding Cables, Field Bus Cables, PCMCables, Profibus, PIJF Telecom Cables, Data Cables, Telephone Cables, Submersible Cables, Antitheft Cables, Specialty Cables for SMART Cities, Shipboard Cables, Naval Ship Cables, Braided Cables, Mining Cables, DC Cables, Composite Cables, Underwater Cables, Solar Cables, Overhead Conductors – AAC, AAAC at the new facility at Baddi.
The manufacturing facility is spread over an area of 80,000 sq meters. It’s a certified Green Building with all Modern and state of the art manufacturing facilities and machineries to manufacture various types of cables. Plant is designed to reduce waste, pollution, and environmental degradation with an energy efficiency of 20-30% as compared to other plants of similar size.
About CMI Limited:
CMI Limited is a leading specialty cables manufacturing company. CMI Limited islisted on BSE (BSE Code: 517330) and closed the year 2014-15 with revenues of Rs. 137.28 Cr.
CMI Limited, incorporated in 1967, is today a well known and reputed supplier of specialty cables to the who’s who of the industry. The focus in the organization is on latest technologies leading to new product development.
CMI is one of the few approved vendors for Railways, Space & Research, Defense, Telecommunication, Petrochemicals, Refineries, Power, Mining and various other Sectors.
CMI Ltd. has an illustrious list of clients that includes Railways & its subsidiaries like IRCON. RITES, MRVC, Konkan Railways, DLW, DMRC & other metros; Oil & Refinery industries like IOCL, BPCL, BORL, GAIL, MRPL, HPCL, ONGC; Leading Government companies likeEIL, ISRO, BHEL, NLC, NTPC, NPC, BSNL / MTNL and HEC; Private Sector EPC companies like L&T, Alstom, Siemens, Hitachi, Linde, Thales, Lurgi, Technip and ABB; Steel plants like Vishakhapatnam Steel Plant, etc. CMI has also exported cables to Sri Lanka, Bangladesh & Iran Railways.
CMI manufactures a wide variety of specialty cables including Railway Quad cables, Signaling cables, Balise cable for
Train protection & warning system, Fire survival cables, LSZH / FRLS sheathed cables, Control & instrumentation cables, Cables with TPU sheath, PTFE cables, Special cables for multi object tracking radar, Fire alarm & communication cables, PIJF telecom cables, EPR/CSP/PCP insulated & sheathed Rubber cables, Linear Heat sensing cables, etc.
Safe Harbor
This Press release by CMI Limited (the “Company”), is solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
Our actual results may differ materially from those included in this Press Release for a variety of reasons, including, but not limited to - changes in political, business, and economic conditions; foreign exchange rate fluctuations; the impact and integration of recent and future acquisitions; our need to successfully react to the changing customer preferences; an increasingly competitive environment for our businesses; the complexity of managing an increasingly large and growing growing enterprise, enterprise, with a broad range of businesses; our need to manage regulatory, regulatory, tax and litigation risks (including risks); and our need to timely upgrade and develop our product offerings at reasonable cost.