AAI recognises Cords Cable as pre-qualified supplier

Cords Cable Industries Limited informed that the company has got approval a pre-qualified supplier status from the Airports Authority of India (AAI). 
  
This approval will now enable the company to offer its approved list of cables towards creating, upgrading, maintaining and managing aviation infrastructure in the country for the projects where AAI is entrusted with Airport Modernisation and Development. Following products are enlisted in the approved list of makes of AAI, instrumentation cables, Coaxial cables, Fiber optic cables, Cat-6 cables, Control cables f. Power cables (upto & including 1.1 KV) etc. 
  
Cords Cable Industries Limited is a leading manufacturer of specialized control and instrumentation cables. Since its foundation, the company has become a strong brand image in the B2B segment. Stock with the market capitalization of about Rs. 100 crore has its 52-week low at Rs. 52.30 while 52-week high was Rs. 144 per share. 
  

On Tuesday, the stock reacted positively to this news and touched intraday high of Rs. 67.50 per share. At 11:45 hours, the stock showed an uptick of 4 per cent to trade at per share price of Rs. 62.