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Cable Corporation in jubilant mood on bagging order worth Rs 29 crore

21 Mar 2012

Cable Corporation of India is currently trading at Rs. 24.90, up by 2.25 points or 9.93% from its previous closing of Rs. 22.65 on the BSE.

The scrip opened at Rs. 22.25 and has touched a high and low of Rs. 25.90 and Rs. 22.25 respectively. So far 34673 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 34.65 on 20-Jul-2011 and a 52 week low of Rs. 18.55 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 25.90 and Rs. 21.55 respectively. The current market cap of the company is Rs. 175.05 crore.

The promoters holding in the company stood at 74.99% while Institutions and Non-Institutions held 16.10% and 8.91% respectively. 

Cable Corporation of India (CCI), a leaders in power cables, has bagged a cable supply order for a 110 kV EHV cable turnkey project valued at Rs 29 crore from Power Grid Corporation of India. The total turnkey contract envisages a supply of 110 kV underground power cable and fibre optic cable package for connecting Vengatta Nagar and Marappalam substations in Puducherry.

The order includes survey, planning, design, engineering, manufacturing, supply, transportation, insurance, delivery at site and commissioning of the cables. CCI will be providing the single core 630 sq mm XLPE copper cable with lead sheath and HDPE outer sheath and underground fibre optics cable (24 fibre) complete with all associated materials for the three-phase, single circuit transmission link with a total route length of approximately 7 km.

The power cable link will transfer power at 110 kV through single circuit in trefoil formation with 1Cx630 sq mm size copper conductor in each phase.

Cable Corporation of India manufactures PVC, XLPE, Paper, Fluoropolymer and Elastomeric insulated power cables. It is also specialized in the areas of specialty cables like HVDC cables, Mining cables, Aerial Bunched Cables (33 kV), Winding wires etc.

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SEBI Registered: Investment Adviser - INA000013323