CMI Limited : Strengthening the Wire & Cable Industry
Headquartered in Delhi, CMI Limited (here in after “The Company”/“CMI”/“CMI Limited”), an ISO 9001 accredited Company, is engaged in manufacturing cables for various industries such as Railways, Oil & Gas, Telecommunications, Energy, Industrial, Power, Petrochemicals, etc.
MD, CMI Limited
Being one of the very few approved vendors to supply signaling cables to railways, what are the challenges of being in the league?
Yes, we are one of the few approved vendors to supply signaling cables to Railways and it also provides other safety cables to Railways and other government agencies which form its primary source of revenue. Because of being one of the few approved vendors the challenges like Quality, timely delivery and to meet out the specifications as set out in the Tender are immense.
How are you reducing the dependency on natural fuel reserves?
CMI Limited’s Baddi plant is a state of art technology plant. The manufacturing facility is spread over an area of 80,000 sq meters. It’s certified Green Building with all modern and state of the art manufacturing facilities and machineries to manufacture various type of Cables. The plant has been designed to reduce waste, pollution, and environmental degradation with an energy efficiency of 20-30 per cent as compared to other plants of similar size. Moreover it is the only silver certified green project in India to manufacture cables.
What has been CMI limited’s growth percentage in the last five years?
CMI Limited is growing consistently from last 5 years. In terms of its financials, Company has achieved an excellent growth in the last 4-5 years at 35 per cent CAGR. In FY18 Company achieved consolidated Gross turnover of Rs. 560.00 Crs. Company’s overhead cost is comparatively less in the industry therefore the company performance on EBIDTA level has shown consistence performance.
What are the key factors that can aid CMI limited to become one of the world’s leading cable manufacturers?
Based on our expertise and continuous R&D, CMI have been able to develop swing capacity or the fungible capacity in both the plants at Faridabad and Baddi to cater all product segments from the same set of plant & machineries. CMI limited’s both the plants are designed in such a way that they can manufacture any type of cable except for the optical fiber cables. The company has entered into the elite group of Lead Sheathed Cable that have an extended lifespan, making them a reliable option for large-scale, infrastructure-related uses, at present there are very few players worldwide to make such type of cables. The company also does LSZH cables which are essential in the fire prone areas to avoid any accident. CMI is also the sole supplier for ISRO for specific cables used in Multi object tracking system.
What are the new markets that you are planning to explore?
On domestic Level, we are continuously adding new Clientele in the entire Industrial Sector. We are also in the process of adding all state Electricity Boards to our portfolio besides the EPC contractors. On the Export front , we have already sent the trial orders to many countries like Nepal, Bhutan, Sri Lanka, Bangladesh, Germany, UK, Singapore, Zambia, Switzerland, Egypt, Qatar, Dubai etc., based on the performance of these Trial orders , we are sure of getting some good orders very soon.
Tell us something about your clientèle?
We have many prestigious customers on our portfolio like Indian Railways, BHEL, NTPC, L&T, Siemens, Alstom, ISRO, BSNL, EIL, Metro Railways, MTNL, Oil refineries and many other PSUs besides many other EPC companies.
What is your take on the growth prospects of the overall sector?
Almost every industry is performing well and growth is coming from all the sectors. Smart city Concept, Indian Railways Modernization & expansion, Expansion of Metro Projects, Power supply in the rural areas and many other Schemes implemented by the Government has really boosted the Demand for cables.
CMI developed cables for Delhi Metro with special LSZH compound; can you brief us about the specifications of the cable?
Low Smoke Zero Halogen (LSZH) Cables essentially, the compound used in manufacturing cables meeting the above specification reduces the amount of dangerous/poisonous gases in case of fire; toxic fumes could pose a risk to human health thus LSZH cables are essential in the fire prone areas to avoid any accident.