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CMI completes acquisition of General Cables Energy India

02 Mar 2016 Evaluate

CMI has completed acquisition of General Cables Energy India -- a wholly-owned subsidiary company of General Cable Corporation (GCC), having manufacturing facilities located at Baddi, Himachal Pradesh. Post the acquisition, General Cables Energy India has become wholly owned subsidiary of CMI. A total outlay of Rs 150 crore has been earmarked for the project, which will be financed by a mix of debt and equity.

CMI was initially engaged in Copper Metal Trade and Copper melting and rod casting and later diversified into cable business.

Peers
Company Name CMP
Polycab India 7985.00
KEI Industries 4508.00
RR Kabel Ltd. 2517.00
Finolex Cables 1457.15
Precision Wire India 501.00
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