India’s Cords Cable Industries has started construction of a new Rs.85 crore (US$20m) project, in the Alwar district of Rajasthan (India), to increase capacity of specialty cables aimed at the power industry, refineries, airport modernization and metro railways markets – of which Cords Cable is the largest manufacturer in India.

Naveen Sawhney, Managing Director, said at the beginning of January that he expects the new project will be commissioned towards July 2010 and fully operative from Q3 of fiscal 2010-11 at the rated output, reaching total output in 2011-12 only – when turnover should be around Rs550-600 crore (US$121-132m). About 20-25% of output is expected to go to overseas markets mainly in Eastern Europe, the Middle East and Africa.