Cords Cable Industries has been awarded a prestigious contract for supply of Signal Cables including Fire Resistant-Gas Detector Signal Cables, Alarm Cables and Control Cables to be used in Polymer Addition Project towards Hydrocarbon sector in the state of Punjab (India). The total estimated value of the said contract is Rs 472 million (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 Rs 400 million for supplies to Hydrocarbon sector in the states of Haryana, Assam and Gujarat; and that it also received a prestigious approval for supplies to a Gulf based Oil major for all of its ongoing and upcoming projects, which is expected to further boost company's exports, especially throughout the GCC (Gulf Cooperation Council) member states.

Shares of the company gained Rs 3.85, or 5.06%, to trade at Rs 80.00. The total volume of shares traded was 3,378 at the BSE (9.43 a.m., Tuesday).