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Cable Corporation Of India Limited
Sector:Power Power - Power - Equipments
BSE:77NSE:CCIBloomberg:CCI@INReuters:CABL.BO
Market Lot: 1Face Value: 10ISIN Demat: INE475A01016
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21-Mar-2012
Business Profile
Cable Corporation Of India (CCI) was promoted in 1957 by the Khatau and Thackersey families along with Siemens and Felten & Guileaume of Germany.

The company is engaged in the business of manufacture and sale electrical cables, wires, conductors strips. Other activities of the company include projects for laying cables and turnkey solutions, and trading. CCI has its manufacturing set up at Mumbai and Nashik. Its Mumbai facility is located at Borivali and is spread across over 150,000 sq m, while its Nashik plant spread over 67,000 sq m. It also operates four regional offices located at Mumbai, Chennai, New Delhi and Kolkata.

In 1995, CCI entered into a service agreement to provide highly skilled services to MCI for an EHV cable systems project in UAE. The Company was awarded ISO 9001 Certification for design/development, manufacture, marketing and servicing by Bureau Veritas Quality International, U.K.

During the year 2005-06, the company received an investment of Rs 620 million from JP Morgan Securities India, promoters and others by way of debt and equity options.



Financials
The company reported rise of 81.15% in standalone net profit on y-o-y basis to Rs 6.90 million, while total income rose 31.70% y-o-y basis to Rs 588.30 million for the quarter ended December 2011.

Recent Developments
21-MAR-12
Cable Corporation of India (CCI) has announced on Wednesday it has bagged a cable supply order for a 110 kV EHV cable turnkey project valued at Rs 290 million from Power Grid Corporation of India.

19-MAY-11
Cable Corporation of India, a company in power cables for over 5 decades, has secured an order to lay 129 km of 230 KV EHV cable valued at Rs 1.4 billion from Tamil Nadu Electricity Board (TNEB) for part of master plan for the expansion of power supply system to cater to the growth in demand, to minimize the distribution losses and to improve the system reliability in the Chennai Metropolitan Area.



In Brief

 
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