The announcement was made during market hours today, 24 March 2015.

Meanwhile, the S&P BSE Sensex was up 14.85 points or 0.05% at 28,206.87.

On BSE, so far 13,000 shares were traded in the counter as against average daily volume of 7,223 shares in the past two weeks.

The stock hit a low of Rs 20 so far during the day. The stock had hit a 52-week high of Rs 33.70 on 12 December 2014. The stock had hit a 52-week low of Rs 12.60 on 31 March 2014.

The small-cap company has equity capital of Rs 11.43 crore. Face value per share is Rs 10.

Cords Cable Industries said it has secured orders valuing over Rs 15.72 crore for supply of variety of LT Cable towards the 100-MW solar project in Tamil Nadu.

Cords Cable Industries' net profit rose 13.3% to Rs 0.51 crore on 5.6% growth in net sales to Rs 62.09 crore in Q3 December 2014 over Q3 December 2013.

Cords Cable Industries caters to the special requirements of various industries such as power, oil & gas,refineries, steel, cement, water desalination, metro rail, airports etc. The company's products include wide range of LV Power, control, instrumentation and custom designed cables.