Cords Cable spikes on winning orders worth Rs. 40 crore

Cords Cable Industries was buzzing on the bourses on Tuesday as the company informed that it has won three bulk contracts in the states of Assam, Gujarat and Harayana.

The bulk contracts consist of designing, engineering and supplying of Fire Resistant Signal Cables, Power Cables and Conventional Type instrumentation Cables to be deployed in the Hydrocarbon sector in the three states. The total value of these three contracts is Rs. 40 crore and will be executed within 5 months.

Cords Cable Industries is engaged in the business of manufacturing specialized control and instrumentation cables. The company exports products to over 45 countries.

At 14:24 hours, the stock of Cords Cable was trading at Rs. 84.65 per share, up by 8.11 per cent. The stock has been in a uptrend for the last three days and has gained 17.27 per cent in the period.