The total estimated value of the said contract is Rs47cr (inclusive of GST). In accordance to the delivery schedule, supply of cables is to be completed before February, 2019.
Previously, Cords Cable Industries informed the stock exchanges that it received bulk orders amounting to Rs40cr for supplies to the hydrocarbon sector in Haryana, Assam and Gujarat.
It further claimed that it also received an approval for supplies to a Gulf-based oil major for all of its ongoing and upcoming projects, which is expected to further boost the company's exports, especially throughout the GCC (Gulf Cooperation Council) member states.
The company is a leading manufacturer of specialized control & instrumentation cables. It enjoys strong brand equity in the B2B segment.