The company has bagged an export order for supply of IT power cables (copper conductor) for a major project in West Asia, Cords Cable said in a filing to the Bombay Stock Exchange.
Earlier, the company had announced that it has lined up an expansion-cum-diversification programme entailing an investment of around Rs 57 crore.
In January the company hit the capital market with an initial public offer of Rs 42 crore. The company's client list includes Bhel, Tata Steel, Reliance Energy, ACC, GAIL, Siemens and Larsen and Toubro. It also exports to the United Kingdom, West Asia and parts of South East Asia and Africa.
Following the announcement, shares of the company soared over 6 per cent to an intra-day high of Rs 131.45. However, the scrip paid gains and was trading at Rs 123.05, down 0.12 per cent in the late afternoon trade on the BSE.