Cords Cable bags Rs. 16 crore order

The company was awarded the order for supply of cables for a thermal power project in Uttar Pradesh. Reacting to this development, the stock of was up more than 5 per cent in Friday's morning session.

Cords Cable Industries has won a order of approximately value Rs. 16.63 crore for supply of Control, Power and Earthing Cables to be deployed at a thermal power project in UP. The company plans to commence commercial production for the order from August onwards. The order is to executed within this fiscal informed the company in a filing to the exchange on Friday.

Earlier, Cords Cable had received registration for inclusion in the 'List of RDSO Vendors for Developmental Orders' from Research Designs & Standards Organisation (RDSO), which is a Government of India organisation under the Ministry of Railways. The company had also received approval as a vendor for government works in for Aluminium Conductor LT Cables. Also, the company has bagged approvals from the Airports Authority of India (AAI), besides large multinational companies including Samsung Engineering Co. and Abu Dhabi National Oil Company (ADNOC) in the past

Meanwhile, on Friday, Cards Cable Industries was trading at Rs. 58.30 per share, up by 4.57 per cent on BSE. The stock open at an intraday high of Rs. 59.45 per share.