The new greenfield plant will come at approximately 30 acres of industrial land in Narmadapuram town of Madhya Pradesh for the manufacturing of DC and AC cables.

Feb 14, 2025

Paramount Communications Limited, part of the Paramount Group and one of the country’s leading wire & cable manufacturing companies, is coming up with a new plant for the manufacturing of DC and AC cables in Madhya Pradesh.

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Announcing the financial results for Q3 FY-25, the company said the Madhya Pradesh Industrial Development Corporation (MPIDC) has allotted approximately 30 acres of industrial land in Narmadapuram town to establish a new greenfield plant for the manufacturing of DC and AC cables.

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The development aligned perfectly with the growth goals of Paramount Communications in the power sector. The company was well-positioned to capitalize on the expected growth in the cables and wires segment, estimating to grow at a CAGR of 12-13 percent between FY23 and FY27, it added.