Bharat Wire Ropes has won Rs 8-crore Defence order. "It is a very prestigious order," said ML Mittal, MD of Bharat Wire Ropes in an interview to CNBC-TV18.
Will start production in Chalisgaon over the next few weeks and big orders will executed from this plant, says ML Mittal, MD of Bharat Wire Ropes.
In an interview to CNBC-TV18‘s Reema Tendulkar, ML Mittal, MD at Bharat Wire Ropes spoke about their order win worth Rs 25 crore and the strategy going forward.
Bharat Wire Ropes rose 1.2 percent on Friday to close at Rs 45.55 against issue price of Rs 45 on National Stock Exchange.
The company plans to establish one of the largest plants in Asia which will have a 66,000 tonne capacity, says ML Mittal, MD of Bharat Wire