Cords Cable Industries Ltd., a leading manufacturer of Instrumentation, Signaling, Control and LV Power cables and Specialized cables, has won a big order for supply of cables to a thermal power project as per the company’s press release.
About the Order
Cords has been awarded an order for supply of Control, Power and Earthing cables of estimated value Rs. 16.63 Cr. for a thermal Power Project in the state of Uttar Pradesh. It is expected that the commercial production shall begin from August and the order is to be executed in the current financial year itself according to the schedule.
Noticeable Growth in Power Sector Orders for Cords Cable
For the Q2 FY 18-19, the total order book was of Rs. 139 Cr. out of which 10 % amounting to Rs. 13.9 Cr. was done by Power Sector as of 30th September 2018. In Q3 FY 18-19, the total order book was valued at Rs. 167 Cr. out of which 19.1 % amounting to Rs. 31.89 CR. Again in Q4 FY 18-19, the numbers jumped both in absolute and percentage terms. Order book for Q4 FY 18-19 was Rs. 156 Cr. out of which 28.7% or Rs. 44.77 Cr. was from Power Sector.
Indian Power Sector Expected to Grow
To meet rising demand of the nation and to supply 24*7 electricity, India needs to double the installed power generation capacity. As mentioned in Hindu Business Line on 27th May 2019, the thermal power capacity needs to grow from 50,000 MW to 60,000 MW to support this purpose. The power demand is expected to grow at 7 % annually.
Estimating vast potential of work in thermal and power sector, Cords Cable, with its strong foothold in the power sector, is all set to bag more such orders.
Recent Victories of Cords
Currently, Cords Cable has received registration for inclusion in the list of Research Design & Standards Organization (RDSO) under Government of India, Ministry of Railways for supply of Quad Cables.
Previous to this Cords had received approval as a vendor for government works in the state of Punjab for “Aluminium Conductor LT Cables (ISI Marked)”. The approval enabled Cords approved to participate for the bidding process in various Punjab government’s project and supply cables.