CMI launches a pilot project in retail segment

Buoyed by success of the aforesaid pilot project, Company has decided to venture into Retail foray on PAN India basis.

Mar 08, 2021 04:03 IST India Infoline News Service

CMI Limited on Monday informed that the company has undertaken a pilot project in retail franchise/distribution in one of the northern state.

In its regulatory filing, CMI said, "We wish to inform that the company undertook a pilot project in retail franchise/distribution in one of the northern state to capture the growth opportunity arising from increasing demand and encouraging results in Household and building segment."

Further, CMI added, "Buoyed by success of the aforesaid pilot project, Company has decided to venture into Retail foray on PAN India basis in other states to diversify the customer base and utilise the production capacity and planning to enter FMEG also. A step in this direction will open fresh avenues to find a place in the B to C segment."

On Sensex, CMI ended at the lower circuit of Rs53.20 per piece down by 4.92%. 

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