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.
CMI bags orders over Rs 30 crore
CMI Limited has been awarded orders worth more than Rs 30 crore from East Central Railways and BHEL, to provide railway signalling cables and HT XPLE cables, respectively.
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.
Lapp India to showcase products at IMTEX 2017
Lapp India, a leading supplier of integrated solutions and branded products in the field of cable and connection technology in India announced their participation in the 18th edition of IMTEX 2017 from January 26 – February 1, 2017 at the Bangalore International Exhibition Centre (BIEC) in Bengaluru.
The wires and cable industry in India
The wires and cable industry in India has come a long way, growing from being a small industry to a very large one, over the past decade. With the segment compriing nearly 40 per cent of the electrical industry in India, the increasing demand for power, light and communication has kept demand for wires and cables high.
We expect major demand hike for wires and cables
In the power sector, cables and wires are a must and with the Ministry of Power looking at an investment of Rs.15,000 lakh crore over the next five years, the sector will witness a huge growth trajectory.