Leveraging REI’17 to showcase innovations
LAPP India, leveraged the Renewable Energy India Expo 2017 platform, to showcase their innovations for the renewable sector. Marc Jarrault, MD, LAPP India Pvt. Ltd said, “India is making giant leaps in renewable energy.
CMI Ltd net profit at Rs 603 lakh for Q1FY17-18
Leading speciality cables company CMI Limited, has announced its Q1 results for FY17-18. On a consolidated basis, the total income stood at Rs 14,427.91 lakh in Q1FY17-18, up from Rs 8,729.46 lakh in Q1FY16-17. The net profit was at Rs 603.16 lakh in Q1FY17-18, up from Rs 151.10 lakh in Q1FY16-17. EPS in Q1 2017-18 is at Rs 4.03, up from Rs 1.07 in Q1 of 2016-17.
Shifting focus towards local manufacturing is a win
The industry, which today is worth more than Rs.36,000 crore, is expected will grow to Rs.64,000 crore by 2020. This is primarily because of huge government and private investment planned in segments such as smart cities, modernisation of railways, highways, Digital India campaign, and Power for All by 2022.
Lapp launches EPIC® data cable coupler
Automation controlled factories have a large number of data cables installed. Maintainence and support services helps maximize system performance at every stage of its life cycle. However, constant use of cables might result in production setbacks and replacing the cable might not be a viable solution.
The Indian market is increasingly requesting high tech interconnect products
Axon´ Interconnectors and Wires Pvt. Ltd, subsidiary of Axon´ Cable SAS France was created in 2010 in Bangalore to serve Indian customers in their project requirements. We ploy more than 100 local staff with high expertise in miniaturised interconnects. The local manufacturing harness capability consists of highly skilled operators trained to IPC/WHMA-A-620.
CMI Limited announce Q1 results
Cable manufacturers CMI Limited, announced their unaudited financial results for the quarter ended June 30, 2016. The revenues are at `7,701.02 lakh in Q1 2017 as against Rs.4,532.64 lakh in Q1 of 2016, marking an increase of 69.9 per cent on a standalone basis