CMI begins commercial production at its new facility at Baddi

CMI has started commercial production at its new facility at Baddi, Himachal Pradesh. This facility is a part of the recently acquired General Cable Energy from fortune 500 company, General Cable Corporation.

General Cable Energy lndia, which was rechristened as CMI Energy lndia, is in the process of being merged with CMI, the scheme for which has already been approved by the board of the company and is awaiting statutory clearances.

The company expects to add Rs 1000 crore in capacity, with the commencement of this facility. In the next 3 years, the company expects to optimally utilize the additional capacity. The commercial production at the facility has begun in a record time of 50 days, post acquisition. The total capex on this facility is Rs 150 crore.

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