CMI announced that its subsidiary CMI Energy India has bagged initial order by Engineers India for supply of HV Cables.

This is for the first time CMI Energy has bagged order from Engineers India (EIL), and has entered into the business of High Voltage Cable business with them. EIL a Navratna public-sector undertaking of the Government of India under the Ministry of Petroleum and Natural Gas to provides engineering and related technical services for petroleum refineries and other industrial projects. EIL also provides consultancy services with many PSU and Corporate Clients. With this order CMI energy has formed an association with EIL, Delhi as a vendor, which opens up enormous business opportunities in the future with them and their clients in a big way.

The company has already shown tremendous growth in its last quarter by reporting growth in Revenue up by Rs 51.17 %; PAT up 188.28% as compared to last year quarter and on quarter to quarter basis up by 60.79% in revenue and 232% for the PAT.

Amit Jain, Chairman and Managing Director, CMI, said, "it's just a beginning, with the current capacity at Baddi , we are equipped to service all our clients in the given time frame with the best of technology available in the Cable industry sector."

Shares of the company gained Rs 2.4, or 0.96%, to trade at  Rs 251.50.  The total volume of shares traded  was  3,986 at the BSE (2.16 p.m., Tuesday).