Cords Cable Industries changes project site for cable manufacturing facility

23 Jun 2011 Evaluate

Cords Cable Industries, has change the project site of new ultra-modern cable manufacturing facility to a much larger and a more suitable site at Kaharani, Rajasthan. The company had earlier planned for setting up this facility at Pathredi, Rajasthan, however, due to the opposition from the surrounding village establishments, the company changed its project site.

The company had commissioned and started the commercial production on January 03, 2011. This new facility is spread over an area of approximately 68,360 square meters. With the commissioning of this new facility, the approximate installed capacity of the company now stands at 65,000 cable k.m. that is an expansion of about 35,000 cable k.m. of installed capacity. The new site has, as such, got an immense potential for even future expansions to service the increasing demand of products from the company.

The company has registered the phenomenal growth of over 30% in revenues for financial year 2010-2011 over the previous financial year is partly due to the substantial increase in its production capacity owing to the success commissioning of its new facility. With the establishment of this new facility coupled with its initiatives in research and development, the company is expected to continue on this growth trajectory.

Cords Cable Inds Share Price

55.15 1.65 (3.08%)
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