CMI Ltd - CMI Share Price

Summary

CMI Limited is in the business of manufacturing Jelly Filled Telecom Cables (JFTC) and now it is chaired by H V Navani.During 1992-93, it has embarked upon an expansion of JFTC to 5 lac ckm p.a. at the exising factory at Faridabad. The cost of the project Rs 5.95 crores has been financed by existing shareholders, Internal accruals and public issue. During 1995-96, it has completed its expansion of 250000 ckm p.a. of JFTC at Faridabad and diversification project for manufacture of 3000 ckm p.a. of Optical Fibre Cables at Bhiwadi. Both the projects having outlay of Rs 12 crores.It has become the first Indian company to commence manufacture of Category-5 Datacom Cables with the most sophisticated equipment in the world with a capacity to produce 6000 kms p.a.During 1997-98, the Company was awarded the ISO 9002 certifications for Optical Fibre Cables Division at Bhiwadi and for Jelly Filled Telecommunication Cables/PVC Cables Division at Faridabad.During the year 1998-99, the Company has decided to focus on Jelly Filled Telecommunication Cables and PVC segments and is disposing its Optical Fibre Cable Unit. The company executed orders worth Rs.480.70 lakhs in the year... Read More