Company news: Cords Cable Industries

Cords Cable Industries is now registered and prequalified with an Arabian Gulf-based oil major. The approval is expected to give a boost to its exports and further enhance the company’s revenue contribution from the hydrocarbon sector of Gulf Cooperation Council (GCC) member states. The registration will allow Cords Cable to supply instrumentation & control, fiber optics and LV power distribution cables. Cords Cable can now bid for these cable products for all ongoing and upcoming projects of the Gulf-based oil major. Shares of Cords Cable closed flat at ₹76 on the NSE.