We continue to establish our market leadership: Cable Corporation of India

In an interview with ET Now, Hiten Khatau, CMD, Cable Corporation of India, talks about company's recent contracts. Excerpts:

ET Now: How large in revenue terms has this order been and would this be something that would be a recurring thing every year or is it a one time installation that will not get repeated after the installation that you have done already?

Hiten Khatau: This order is basically a one time order. The order value is approximately between 6-6.5 crores. This is ready to cater to complete electrification facility of the F1 bringing in power from the UP State Electricity Board down to their F1 substation. So, this is a main feeder line for the F1 facility.

ET Now: How big, just lay out the entire numbers for us if you can. You have done the installation last week. Is the payment completely received, does it get booked in the current quarter and what quantum gets booked in the current quarter?

Hiten Khatau: Yes, it would be booked in the current quarter. The installation is complete and we along with the others are keenly awaiting the F1 race now.

ET Now: What is the quantum if you can just give us what kind of money do you receive for this?

Hiten Khatau: The order value was between 6-6.5 crores.

ET Now: You have fairly a big market share in extra high voltage cables which is your key focus area. How are you looking at ramping up there, what is the kind of scale up in order book you see?

Hiten Khatau: You are absolutely right that is our key focus and we are the market leader in extra high voltage cables. We are presently in fact growing our facility where our second extra voltage factory will be commissioned next month. So, from every one line, we have two lines. So, that itself should double our capacity for extra high voltage cables going forward. We have received in the recent past reasonable orders in this business and going forward this is an area of growth for the Indian power sector. So, we continue to establish our market leadership in that area.