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Cords Cable Inds spurts on securing order worth $2.18 million from OTV International

Cords Cable Industries Ltd. | Cable | Capital Goods & Industrial Consumables | BSE: 532941 | NSE: CORDSCABLE

18 Sep 2012 Evaluate

Cords Cable Industries is currently trading at Rs 24.60, up by 2.10 points or 9.33% from its previous closing of Rs 22.50 on the BSE.

The scrip opened at Rs 22.90 and has touched a high and low of Rs 25.00 and Rs 22.85 respectively. So far 2167 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 36.00 on 20-Sep-2011 and a 52 week low of Rs 21.70 on 11-Jun-2012.

Last one week high and low of the scrip stood at Rs 25.00 and Rs 22.30 respectively. The current market cap of the company is Rs 27.54 crore.

The promoters holding in the company stood at 57.42% while Institutions and Non-Institutions held 0.11% and 42.47% respectively.

Cords Cable Industries has secured order worth $2.18 million from OTV International, subsidiary of Veolia water Solutions & Technologies. The order is for supply of a variety of Low-Voltage cables, including control, instrumentation and power cables to OTV International under a supply and erection contract, which OTV has entered into with the Kuwaiti Ministry of Electricity and Water for a Desalination Plant in the State of Kuwait.

The said order has once again confirmed Cords’ core competency in offering high quality, tailor-made customized cables at a competitive price, with its well recognized service and unfailing commitment. It further strengthens company’s position in the overseas markets.

Cords Cable Industries is in the business of providing cost-effective and quality solutions for various electrical connectivity requirements. Presently, it accomplishes this through customized design and development, quality manufacturing and reliable delivery of all types of LT range cables and household wires

Cords Cable Inds Share Price

179.60 15.10 (9.18%)

17-Apr-2026 16:59 View Price Chart

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Cords Cable Inds spurts on securing order worth $2.18 million from OTV International

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