The evolution of the wire and cable industry, from Michael Faraday’s groundbreaking experiments involving magnets and current-carrying wires to the transition from rubber to PVC for insulation, would astonish any keen observer. Over the years, the global wire and cable market has experienced substantial growth, driven by rapid urbanization, an increasing demand for renewable energy, and the rising need for smart grid technology. According to a report by Mordor Intelligence, the market is estimated at USD 228.42 billion in 2024 and is anticipated to grow to USD 298.53 billion by 2029. In India, the market is valued at USD 19.44 billion in 2024, with projections indicating it could rise to USD 30.11 billion by 2029. This can be attributed to several factors, including major government initiatives.
The projections made by the Union Ministry of Housing and Urban Affairs maintain that India’s urban population is expected to reach 600 million by 2030. This anticipated growth will drive the demand for new housing units, thereby necessitating a significant increase in wires and cables. Additionally, the country has laid down precise ambitious renewable energy goals, as evidenced by the introduction of its National Electricity Plan (Transmission), which aims for a renewable energy capacity of 500 gigawatts (GW) by 2030 and over 600 GW by 2032. The incorporation of renewable energy sources into the current power grid will require sophisticated cables capable of managing diverse loads and ensuring efficient power transmission, thereby boosting the demand for wires and cables. Furthermore, the IT and telecom sectors in India are also contributing enormously to this demand. With India’s Internet subscriber base reaching 936.16 million—comprising 38.57 million wired subscribers and 897.59 million wireless subscribers—the broadband segment has exhibited a compound annual growth rate of 9-10%. Moreover, there is also the rising demand from other sectors, which will become more diverse and robust in the coming years.
To meet the increasing and varied demands of the market, leading as well as emerging companies are striving to fulfill the heightened expectation for high-quality products. Currently, the Indian market, already highly competitive, is dominated by prominent players such as Polycab India Limited, KEI Industries Limited, Sterlite Technologies Limited, Finolex Cables Limited, Havells India Limited, RR Kabel Limited, etc.
Many have successfully established a consistent supply chain, with some offering products that are not only durable and dependable but also prioritize customer safety. This necessitates that manufacturers utilize cutting-edge machinery to produce sophisticated, high-quality products. The fierce competition in the industry and more defined regulations, becoming more stringent, compel players to prioritize research and development, adhere to regulatory standards across different markets, and integrate best sustainable practices into their core operations. Ultimately, businesses must demonstrate greater accountability and transparency, placing a strong emphasis on both people and the planet. Leading firms have excelled in this regard, embedding these principles into their organizational culture. This development, however, at the same time also underscores the need for more to be done.
Their achievement on several fronts indicates that they have effectively navigated the market, a process that has taken enormous time and effort. The key lies in understanding the importance of brand journey, which involves meticulously addressing every touchpoint without any compromise, which, apparently, is quite laborious. In April of this year, V-Guard introduced its latest innovation, ‘Arizo’ Wires, engineered to resist melting and enhance eco-safety. By employing advanced e-beam technology, these wires are designed to eliminate halogens and significantly lower smoke emissions, thereby improving electrical safety and sustainability. In the same month, Finolex Cables launched a new range of eco-friendly wires under the name FinoGreen. This collection includes halogen-free and flame-retardant industrial cables specifically designed to improve safety in electrical installations and reduce the risk of accidents, particularly fires. The newly launched wires not only decrease smoke emissions but also limit the release of hydrochloric acid gas during fire incidents. A month prior, Polycab India unveiled the Polycab Maxima+ Green wire.
The fierce competition in the industry and more defined regulations, becoming more stringent, compel players to prioritize research and development, adhere to regulatory standards across different markets, and integrate best sustainable practices into their core operations. Ultimately, businesses must demonstrate greater accountability and transparency, placing a strong emphasis on both people and the planet
Today, sustainability, sounding more of a cliche and yet quintessential in every aspect, has evolved from a mere concept to an essential requirement in the operational framework. The industry has significantly contributed to this shift by adopting sustainable materials. Many companies have focused on utilizing recyclable materials that minimize environmental impact. Additionally, there has been a notable increase in investments in advanced machinery and the optimization of manufacturing processes, leading to enhanced energy efficiency. It is also praiseworthy that a majority of these companies have increased their dependence on renewable energy sources. Looking ahead, the industry’s dedication to sustainability remains strong and promising. Nevertheless, it is important to recognize that further efforts are necessary. The objective is not only to address current needs but also to foster a healthier and more sustainable planet for future generations while achieving growth.
Also Read: Top Cable Companies in India 2022
In preparing this edition of Wire & Cable India, we conducted a comprehensive analysis of several listed wire and cable companies within the Indian market to assess their performance based on the aforementioned criteria and practices, and to understand how these efforts have contributed to their success stories. Based on the publicly available as well as shared financial reports, we have ranked them accordingly. The objective is to highlight what it has taken them, how they have done it and what more they will do, of course, innovatively, and thus how they have made it to the top.
POLYCAB INDIA LIMITED
Ideas. Connected.
| Year of Establishment: | 1968 |
| Headquarter: | Mumbai, Maharashtra |
| Branches: | Regional Offices : 3 Branch Offices : 9 Warehouses and Depots : 29 |
| Number of Manufacturing Facilities and Locations: | 28 Manufacturing Units in states of Gujarat, Maharashtra, Karnataka, Uttarakhand, Tamil Nadu, and the Union Territory of Daman. |
| Number of Employees: | 4,843 on-roll, 10,896 on contract |
| Production Capacity (wires & cables): | 2023-24: 6 million km 2022-23: 5.4 million Km |
| Product Portfolio (wires & cables): | • Flexible Wires, Building Wires, LV and MV Power Cables, Communication and Data Cables, Optical-fibre Cables, Rubber Cables. • Control Cables, Instrumentation Cables, Solar Cables, EHV Power Cables, Other Cables, Special Purpose Cables • 10,600+ SKUs |
| Application Areas: | Chemicals, Data Centres, Defence, Energy, Infrastructure, Manufacturing, Metals, Oil and Gas, Real Estate, Technology, Telecom, Transport |
| Financials: | |
| Turnover (total) | 2023-24: INR 180,394 million 2022-23: INR 141,078 million |
| Turnover (of wires & cables) | 2023-24: INR 158,922 million 2022-23: INR 125,369 million |
| Profit (EBITDA): | 2023-24: INR 24,918 million 2022-23: INR 18,429 million |
| Growth Rate of Turnover: | 28% YoY |
| Growth Rate of EBITDA: | 35% |
| Net Worth: | INR 81,871 million |
| Market Capitalization: | INR 761,142 million (BSE) INR 760,947 million (NSE) |
| CSR Activities undertaken: | • Polycab’s CSR activities are not mere charity or donations, they reflect the manner in which the business is conducted by directly focusing on the needs of the Society at large • Empowering beneficiary Communities through our CSR activities; 77,930 Lives Impacted • 2,000 Trees planted as part of our CSR activities • INR 264 million CSR expenditure • CSR Expenditure on HEALTHCARE: 92.9 million » Village-to-Village Medical Outreach : We continue village-to-village OPD services in remote areas of Halol, Jambughoda and Ghoghamba. » Malnutrition Camps: We organised camps in Halol focusing on malnutrition. These camps targeted children aged 6 to 19 years and pregnant women, providing crucial screenings and treatments to improve their health outcomes. » Breast Tumour Detection Camps: In collaboration with Shree Halol Stree Samaj, we conducted breast Tumour detection camps, facilitating timely treatment and improving survival rates. » Free Dialysis Services in Pune » Tribal Health Checkups in Nashik » Nutrition Kits for 4C patients – This facility will offer comprehensive healthcare services, including nutrition kits for TB, Anemic, Leprosy, & Malnutrition patients. Each kit is designed to support the six-month treatment regimen required for TB recovery, benefiting over 240 patients. • CSR Expenditure on EDUCATION & SKILL DEVELOPMENT: 184.4 million » In Halol, we identified and developed artisan groups, enhancing their skills and marketability. » We conducted computer training classes for girls in Halol, focusing on Data Entry Operator (DEO) and Diploma in Computer Applications (DCA) courses. » Arranged 6 months Course of Domestic Wiring for Girls whereby 143 girls took this Course. » The LEAAD (Leadership Enrichment for Adolescents through Assessment and Development) programme, a two-day training, emphasised leadership development, moral values, and character building, fostering sustainable growth and personal development. This was conducted in nine Ashram Schools of Halol, Jambughoda & Ghoghamba talukas, covering 600+ students. » Educational Support for Orphans and Single-Parent Children in Halol. • CSR Expenditure on Environment: 70.59 million » Pond Deepening and Water Conservation: Under the ‘Jal Bachao, Jeevan Bachao Yojna’ and the ‘Sujalam Sufalam Yojna’ of the Government of Gujarat (GoG), we undertook pond deepening projects in villages Pratapura & Hansapura of taluka Waghodia. » Green Village Pilot Project: We promoted plant conservation and the creation of green coverage by distributing fruit and tree saplings and seeds. Smokeless chulas were introduced. 100 such Chulas were made in two villages. » Waste Management: In collaboration with waste management service providers and Polycab Social Welfare Foundation (PSWF), we implemented a comprehensive solid waste management and recycling project. This was under the “Swachh Bharat Abhiyan” in village Baska, taluka Halol, whereby daily waste is collected from each household, taken to a designated site, where wet & dry waste is segregated and recycled to make products like Tea Compost, Compost, Benches, Tables, Paver Blocks, etc. |
| New Developments since 2022: | The development of cables conforming to Australian and North American standards |
| Product Launches since 2022: | • Electron Beam cables and Wires for modern applications • Lighting and Luminaires for various applications • Customised solutions across various sectors |
| Market Footprint: | • 3800+ delaers and distributors: Polycab’s extensive distribution network guarantees product availability and accessibility nationwide, catering to consumers in both urban and rural locales. • Present in 79 countries. |
| Market Served (domestic/exports in %) & countries served: | • Company’s international business stood at INR 14.4 billion, contributing to 8% of the overall revenue. • Polycab continued to be one of the largest exporters of cables in India, exporting to 79 countries across the globe. |
| No. of EPC Contracts undertaken/ongoing with respective locations: | The Company’s Engineering Procurement & Construction (EPC) business and subsidiaries, clocked INR 9.6 billion in revenue, growing by 169% YoY. Largely, the growth was on account of the projects we have won under the RDSS scheme of the government, wherein we now have a healthy order book, to be executed over the next 3-4 years. Segment EBIT stood at H1.1 billion with EBIT margins at 11.5%. The segment accounted for 5% of total sales for the year under review. |
| Future Targets: | • Expand production capacities to meet the rising market demand, ensuring our ability to supply high-quality products promptly and efficiently. • Identify and penetrate unexplored market segments to expand our market footprint and capitalise on new growth opportunities. • Enhance the efficiency and effectiveness of our existing distribution network to increase sales volume and optimise market coverage. • Implement new organisational structure to better align with strategic goals and improve functional efficiencies. • Address execution inefficiencies to improve overall business performance. • Expand distribution network and enhance influencer management program to increase market reach and drive sales growth. |
| Joint Ventures: | 50:50 strategic joint venture with Techno Electromech Private Limited (TEPL), a manufacturer based in Vadodara, Gujarat, for manufacturing LED lighting and luminaires |
KRISHNA ELECTRICAL INDUSTRIES (KEI INDUSTRIES LIMITED)
Har Tension Sahe, Chalti Rahe
| Year of Establishment: | 1968 |
| Headquarter: | New Delhi |
| Branches: | 38 |
| Number of Manufacturing Facilities and Locations: | • 6 manufacturing units at Bhiwadi; Chopanki; Pathredi in Rajasthan; Rakholi and Chinchpada in Dadra and Nagar Haveli • 2 backward integration plants for PVC Compound at Harchandpur (Rajasthan) and Dapada (Dadra and Nagar Haveli) |
| Number of Employees: | 6,826 |
| Production Capacity 2023-24: | Cables : 1,41,400 Kms House wire/ Winding wire : 18,18,400 Kms Communications cable : 28,800 Kms Stainless steel wire : 9,000 MT |
| Actual Production 2023-24: | Cables : 92% Capacity utilization House Wire : 71% Capacity utilization Communication cable : 38% Capacity utilization Stainless steel wire : 90% Capacity utilization |
| Application Areas: | Power, Oil and Gas, Petrochemical, Steel, Marine, Solar, Windfarm, EPC, Multiplexes, Bank, Hotels, Software Parks, Pharma, Fertilizers, Telecom |
| Product Portfolio: | Extra High Voltage Cables, High Voltage Cables, Low Voltage Cables, ESP Cables, Control Cables, House Wire, Single Core/Multicore Flexible Cables, Communication Cables, Instrumentation Cables, Thermocouple Extension/ Compensat, Solar Cables, Rubber Cables, Fire Survival/ Resistant Cables, Marine & Offshore Cables, Winding Wires, Stainless Steel Wires, EV Cables |
| Financials: | |
| Turnover (total) | 2023-24: INR 81,040.8 million 2022-23: INR 69,081.7 million |
| Turnover (of wires & cables) | 2023-24: INR 73,207.0 million 2022-23: INR 62,514.7 million |
| Profit (EBITDA): | 2023-24: INR 8,870 million 2022-23: INR 7,340 million |
| Growth Rate of Turnover: | 17.31% |
| Growth Rate of EBITDA: | 21% |
| Net Worth: | INR 31,480 million |
| Market Capitalization: | INR 400,000 million+ |
| CSR Activities undertaken: | Ghar ki Jyoti, Janani Jyoti, Shiksha Jyoti, Jeevan Jyoti, Sankalp Jyoti, Swasthya Jyoti, Suraksha Jyoti |
| New Developments since 2022: | Total capex investment deployed in FY 2023-24: INR 400 crores 1. Brownfield Expansion at Pathredi, Rajasthan • Project cost of INR 125 crore • Enhances LT power cables capacity by around INR 800-900 crore per annum • Expected growth rate of 16% to 17% in the current and next financial year 2. Brownfield Expansion at Chinchpada, Silvassa • Project cost of INR 110-115 crore • Enhances LT and House Wire capacity of INR 900-1000 crore per annum • Expected growth rate of 16% to 17% in the current & next FY |
| Product Launches since 2022: | EV Charging Cable, Solar Cable, Medium Voltage Covered Conductor Cable and Conflame Green+ wires (HR – FR-LSH – Lead Free) |
| Market Footprint: | 60+ Countries |
| Market Served (domestic/exports in %) & countries served: | Exports: 13% of Sales |
| Future Targets: | • Target to achieve INR 10,000 crores turnover in 2024-2025 and INR 20,000 crores turnover till 2030 • Greenfield Project in Sanand, Ahmedabad: Estimated investment of INR 1,700-1,800 crore • Focus on expanding capabilities in LT, HT, and Extra-High Voltage Cables • Aim to maintain a CAGR of 15% to 16% over the next 3 to 4 years |
| Joint Ventures: | Technical Collaboration with Brugg Kabel |
HAVELLS INDIA LIMITED
Wires That Don’t Catch Fire
| Year of Establishment: | 1971 |
| Headquarter: | Noida, Uttar Pradesh |
| Branches: | Offices : 48 Branch Offices : 25 Warehouses : 23 |
| Number of Manufacturing Facilities and Locations: | • 15 manufacturing plants across 8 manufacturing locations – Alwar (Rajasthan), Neemrana (Rajasthan), Ghiloth (Rajasthan), Baddi (Himachal Pradesh), Faridabad (Haryana), Haridwar (Uttarakhand), Sahibabad (Uttar Pradesh) and Sri City (Andhra Pradesh) • 4 research centres |
| Number of Employees: | 6,712 |
| Product Portfolio: | Power cables, Flexible cables |
| Financials: | |
| Turnover (total) | 2023-24: INR 185,500 million 2022-23: INR 168,680 million |
| Turnover (of wires & cables) | 2023-24: INR 63,180 million 2022-23: INR 55,330 million |
| Profit (EBITDA): | 2023-24: INR 18,450 million 2022-23: INR 16,030 million |
| Growth Rate of Turnover: | 14.20% |
| Growth Rate of EBITDA: | 15% |
| Net Worth: | INR 74,380 million |
| CSR Activities undertaken: | • Amount spent on Corporate Social Responsibility (CSR): INR 30 crores Havells’ CSR initiatives are designed to support the nation’s goal of inclusive growth and the United Nations Sustainable Development Goals (SDGs). • Mid-day Meal & Free Coaching Classes in Alwar (Rajasthan) The programme has benefited over 95 million students across 300+ Villages in 7 Blocks of Alwar District (Rajasthan). For the 7th consecutive time, Havells Mid-day Meal programme was awarded with Bhamashah Award for Outstanding CSR performance from State Education Minister of Rajasthan. • Empowering through Education » 350+ students, researchers and faculty members have been using the Havells Research Building. » With the aim to facilitate learning and growth of underprivileged children up to Grade 3, Havells associated with Central Square Foundation (CSF) to implement FLN program in Aligarh (U.P.), in FY 2023-24. » Havells emerged as a key contributor, benefiting 86,000+ students across 1,700+ schools in Aligarh district through this intervention. » In FY 2023-24, Havells associated with the Chanakya University, Bangalore and contributed towards the construction of its Data centre and Core IT area. • Hygiene and Sanitation (Project Baala) Havells ‘Project Baala’ empowers and educates women and girls about menstrual health and hygiene. With over 2,800+ menstrual hygiene workshops, the project has impacted over 6 lakh women and girls in 23 States & 4 UTs across 50 districts. In January 2024, Havells received the National Award for Eminence for Project Baala from the Ministry of Commerce & Industry, under the category of Best CSR Project. • Environment Conservation Since 2018, Havells has planted over 21 lakh teak trees in the Sagar, Sehore, Vidisha and Raisen districts of Bhopal, achieving the twin purpose of environmental conservation and preservation of flora and fauna. |
| New Developments since 2022: | • During this period, Havells invested in two greenfield plants – Sri City for Lloyd and Tumkur for Cables. • Havells is establishing a Cables plant at Tumkur in Karnataka. The greenfield manufacturing plant is expected to become operational in FY 2024-25. Spanning 3,00,000 sq. ft., the initial focus of the plant will be on manufacturing LT, Instrumentation, Control Cables under one roof, aimed at streamlining operations and optimising production processes to maximise output and meet customer requirements effectively. • The new plant at Tumkur will bolster Havells’ manufacturing and supply chain capabilities in South India, demonstrating strategic foresight and dedication to meeting the growing market demands. |
| Market Served (domestic/exports in %) & countries served: | Asia, Europe, Americas, Middle East, Australia and Africa. In FY 2023-24, we intensified efforts to develop our international business, leading to a healthy growth in export revenues, especially in cables. As part of this focus, we established subsidiaries in the US for air conditioners and lighting products. |
*Inputs based on Company’s Annual Reports
RR KABEL LIMITED
Akalmand Bano, Sahi Chuno
| Year of Establishment: | 1995 |
| Headquarter: | Mumbai, Maharashtra |
| Branches: | Offices : 16 Warehouses : 18 |
| Number of Manufacturing Facilities and Locations: | 5 Manufacturing Units at Waghodia, Silvassa, Gagret, Roorkee and Bengaluru |
| Number of Employees: | 3,557 on roll of the company |
| Production Capacity (of wires & cables): | 2023-24: 4.2 million ckm 2022-23: 4.05 million ckm |
| Actual Production (of wires & cables): | 2023-24: 3.16 million ckm 2022-23: 2.99 million ckm |
| Product Portfolio: | • House Wires » Heat Resistant Wires » Flame Retardant Wires » Low-Smoke Zero Halogen Wires • Industrial Wires & Cables » Panel wires » Multi-Core Flexible Cable » Control Cables » Submersible Flat Cable • Power Cables » Low-Voltage Power Cable » Medium-and High-Voltage Power Cables • Specialty Cables » Data and Communication Cables » Instrumentation Cables » Solar Cables » Fire and Security Cables » Silicon Rubber Cables » Auto Cables » Battery Cables » Lift and Elevator Cables » Appliance Wiring Material » Power Cord |
| Application Areas: | • Domestic & Commercial Infrastructures • Power & Control Panels • Production & Assembly Lines • Industrial Instrumentation • Telecommunication • Rails, Metros and Airports • Wind & Solar Power Plants • Automobile Industries • Power Distribution & Transmission •Robotic Technology |
| Financials: | |
| Turnover (total) | 2023-24: INR 65,946 million 2022-23: INR 55,992 million |
| Turnover (of wires & cables) | 2023-24: INR 58,296 million 2022-23: INR 49,585 million |
| Profit (EBITDA): | 2023-24: INR 4,628 million 2022-23: INR 3,233 million |
| Growth Rate of Turnover: | 18% |
| Growth Rate of EBITDA: | 43.20% |
| Net Worth: | INR 18,243.3 million |
| Market Capitalization: | INR 196,020 million as on 30th September, 2024 |
| CSR Activities undertaken: | • Company focusses on promoting education, training and development, gender equality, and women’s empowerment, and ensuring environmental sustainability. • Education and Skill Development: RR Kabel has established various programme focussed on education and skill enhancement to empower individuals, particularly in rural areas. Its initiatives include the construction of a Rural Employment Training Centre Building in Jarangloi, Odisha, and setting up computer labs in schools, such as in Sikar, Rajasthan. • Mission RRoshani: RR Kabel’s integrated programmes are designed to promote education and skill development, and fostering an environment where women can achieve economic independence and personal growth. • Orphanage and Juvenile Homes: Support for orphanages and homes for juvenile delinquents in Baroda demonstrates the Company’s commitment to nurturing vulnerable sections of society • Girls Hostel Construction: RR Kabel has undertaken the construction of girls’ hostels in various locations, including Airoli, Navi Mumbai, to provide safe and secure accommodation for female students. • Ekal Gramothan Foundation: RR Kabel’s integrated programmes are designed to promote education and skill development, and fostering an environment where women can achieve economic independence and personal growth. |
| New Developments since 2022: | • A critical element of RR Kabel’s strategy in 2023-24 was its focus on capacity expansion and infrastructure development through its Capex plan of ~INR 500 Crores planned for 2023-24 and 2024-25. • Got listed on NSE and BSE in September 2023 with listing day gain of ~14% |
| Product Launches since 2022: | • Battery Cable with UL 2726 approval • Fire Survival Armoured cable IS 17505-1 • 33/33 KV (UE) with product approval IS 7098 P-2 • 38/66KV IS 7098 P-3 HT POWER CABLE IS 7098 P-3 • SOLAR CABLE EN 50618 with CPR Dca. • SOLAR CABLE with product approval IS 17293 • NAYY & NAY2Y with CPR Eca. • H07Z1-R with CPR Dca. • H05Z1Z1-K, 318B with CPR Dca • H05V2V2-F/309Y, H05V2V2H2-F with BS EN 50525-2-11 • BASEC approval (300/300V & 300/500V) • A05VV-F 5G X 4 & 6 SQ.MM with CPR Eca • E-BEAM SOLAR TUV approval for EN 50618 & IEC 62930. • BS 6724 LSZH Armoured cable with BASEC approval. • XHH, XHHW, XHH2-W, RHH, RHHW, RHHW-2 with UL 44 approval. |
| Market Served (domestic/exports in %) & countries served: | Exports% of Revenue from Operations in 2023-24: 26% |
| Market Footprint: | • In 2023-24, RR Kabel maintained its leadership in global wire & cable exports, holding a commanding 10% market share across 67 countries in North America, APAC, Europe, and the Middle East. • Domestically, it has over 3,900+ distributors and is present on major e-commerce platforms, supported by 1,44,000+ retailers |
| Future Targets: | RR Kabel is strategically expanding its market presence in South and East India while maintaining strong revenues from the North and West regions, aiming to diversify and drive future growth. Looking ahead, the Company targets moderate growth in the W&Cs segment through continued investments in R&D, innovation, and the expansion of its distribution networks. |
| Joint Ventures: | 35% partner in a joint venture with Bangladesh counterparty under the name RR-Imperial Electricals Limited (“RR Imperial”) |
STERLITE POWER TRANSMISSION LIMITED
Global Products & Services (GPS)
| Year of Establishment: | Conductors : Since three decades Cables : Since 10 to 12 years |
| Headquarter: | Mumbai, Maharashtra |
| Branches: | Gurgaon, Kolkata, Mumbai, Hyderabad, Bengaluru, Chennai, etc |
| Number of Manufacturing Facilities and Locations: | Manufacturing Units at 4 locations Cables: Haridwar Conductors & OPGW: Silvassa(Rakholi & Piparia), Jharsuguda |
| Number of Employees: | 800+ |
| Production Capacity (of wires & cables): | 2023-24: Conductor: ~ 1.1 Lac Ton OPGW: ~ 20K Km Power Cables: ~ 2K Km 2022-23: Conductor: ~ 1 Lac Ton OPGW: ~ 18K Km Power Cables: ~ 2K Km |
| Actual Production (of wires & cables): | 2023-24 : In line with the capacity 2022-23 : In line with the capacity |
| Product Portfolio: | • Overhead Conductors: AAAC, AAC, ACAR, ACSR, ACSRTM, AACSR, ACCC, ACSS, AL59, ECO, STACIR, TACSR • Power Cables: MV Cables, HV Cables, EHV Cables with end to end solutions both single and three core configuration with option of Copper and Aluminium core, with option to upgrade to high ampacity cables • OPGW (Upto 96 fibre) • Specialized EPC services (Reconductoring etc) • Convergence (Monetization of fibre assets) |
| Application Areas: | All the above product and service portfolio are used in power transmission and telecom assets |
| Financials: | |
| Turnover (Group) | 2023-24: USD 600 million 2022-23: USD 400 million |
| Turnover (GPS) | 2023-24: USD 600 million 2022-23: USD 400 million |
| Profit (EBITDA) (Group + GPS) | 2023-24: USD 60 million 2022-23: USD 45 million |
| Growth Rate of Turnover: | 50% |
| Growth Rate of EBITDA (Group + GPS): | 33% |
| Net Worth: | USD 250 million |
| CSR Activities undertaken: | Activities under Anil Aggarwal Foundation, Construction of Nand Ghar, Pravin Aggarwal Foundation, Sterlite Foundation etc |
| New Developments since 2022: | 220kV 2,500 sqmm cables, forayed in new countries |
| Product Launches since 2022: | • Conductor: » High performance conductor on Brahmaputra Longest river crossing » High performance conductor in Hyderabad Voltage upgradation • Power Cables: » High Ampacity cable Patent granted recently » Fibre Integrated Power Cable (FIPC) Patent granted recently » 220kV 2500 sqmm • OPGW: 96 fibre (Al-tube 14.2) |
| Market Footprint: | Pan India Footprint and Exports to 27 countries spanning across Noth America, Europe, LATAM, Middle East, Africa, SEA, CIS and Oceania |
| Future Targets: | Venture into new products and market expansion |
*Inputs Provided by SPTL
STERLITE TECHNOLOGIES LIMITED (STL)
Building the World’s Digital Backbone
| Year of Establishment: | 1988 |
| Headquarter: | Pune, Maharashtra |
| Branches: | Other than India, Overseas offices in Australia, Belgium, China, Columbia, France, Germany, Indonesia, Italy, Korea (the Republic of), Ivory Coast, Malaysia, Mauritius, Mexico, Netherlands, Philippines, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Taiwan, AE, UK, USA |
| Number of Manufacturing Facilities and Locations: | 9 Manufacturing Plants: 2 Units at Aurangabad (Maharashtra), 1 Unit at China, 1 Unit at Silvassa (Union Territory of Dadra & Nagar Haveli), 1 Unit at Dadra, 2 Units at Italy, 1 Unit in Brazil, 1 Unit in USA |
| Product Portfolio: | Optical Fibre, Optical Fibre Cable, Optical Connectivity, Specialty Cable, Network Services, Digital & Technology Solutions |
| Financials: | |
| Turnover (total) | 2023-24: INR 54,780 million 2022-23: INR 69,250 million |
| Profit (EBITDA) | 2023-24: INR 6,270 million 2022-23: INR 9,310 million |
| Growth Rate of Turnover: | (-21%) |
| Growth Rate of EBITDA: | (-32.7%) |
| Net Worth: | INR 29,290 million |
| CSR Activities undertaken: | • Empowering education through technology: Digital Equaliser and Inclusive Learning ed-tech program has been instrumental in empowering children from rural and marginalised communities with access to quality education, particularly focusing on STEM learning opportunities. • This year, STL’s commitment to social impact took a leap forward with the launch of the RoboEdge Program. This innovative initiative harnesses the transformative power of digital literacy and future-ready skills in artificial intelligence (AI) and robotics, empowering students in rural Maharashtra and Dadra & Nagar Haveli with the skills they need to thrive in the digital age • Fostering climate resilience in communities: At the heart of our mission is a dual commitment to operating sustainably and enhancing environmental conservation efforts through our CSR initiatives. Our focus areas encompass afforestation, biodiversity restoration, and water conservation, particularly in water-stressed regions like Chhatrapati Sambhaji Nagar • Empowering STLers to make a difference: We believe in providing our employees with the opportunity to live their purpose through volunteering initiatives. Whether it is through our global volunteering platform accessible anytime, anywhere, or in-person participation in our CSR programs and special events like World Health Day Cyclothon, Global Handwash day awareness drive, International Girls Child Day session, we encourage our employees to give back to their communities |
| New Developments since 2022: | • Setting up a world-class production facility in South Carolina, US, has been one of the greatest milestones for us this year. In FY24, we also largely completed our CAPEX cycle with the operationalisation of our greenfield optical fibre cable manufacturing facility in Lugoff, South Carolina, a fully BABAcompliant state-of-the-art facility to serve our US customers from their home ground. • Most recently, we partnered with our UK-based customer, Connexin, to enable faster implementation of their aggressive fiberisation plans. • New technology for new-age fibre – Our passion for innovation has driven us to create advanced fibre solutions that will support everything from immersive entertainment to at-scale Gen AI experiences. Some of these include Multicore fibre with 4x capacity, StellarTM fibre with superior bend performance, and miniaturised advanced fibres with diameters of 180 and 160-micron. • Operating from two strategic delivery centres in Ahmedabad and Bengaluru, STL Digital has independently established three key entities in India, the US, and the UK. • Developing Australia’s first fully automated metro rail network, enabling high-speed and low-latency fibre infrastructure with ~1000 km of optical fibre cable for Vocus Australia • We are a major part of Africa’s digital inclusion journey. We are working with telecom operators and network builders in Egypt, UAE, Iraq, Morocco, and Oman to bring digital connectivity to communities across the MENA region and connected communities through BAPS temple in UAE |
| Product Launches since 2022: | • First company to launch Stellar™ – an A2 bend-insensitive fibre with full backward compatibility Amongst the top 2 companies globally – Bringing IBR (Intermittently bonded ribbon) cable technology India’s first multicore fibre – Multiverse with 4x capacity Minification of fibre – the world’s slimmest fibre 160-micron Fibre optic sensing – an AI/ML-based sensing solution for network monitoring • STL Digital developed and launched AInovvTM, a solutioning fabric of powerful Generative AI Services, frameworks, methodologies, and solutions. This industry-leading AI solution will help enterprises accelerate Generative AI-led innovation and adoption. |
| Market Served (domestic/exports in %) & countries served: | Exports: 27% of sales |
| Market Footprint: | Manufacturing in 4 continents with customers in more than 100 countries. |
| Joint Ventures: | Sterlite Global Ventures (Mauritius) Limited Metallurgica Bresciana S.p.A. Sterlite Technologies Inc., USA Sterlite Tech Cables Solutions Limited STL UK Holdco Limited |
*Inputs Based on Company’s Annual Reports
FINOLEX CABLES LIMITED
Powered By Technology Empowered By Growth
| Year of Establishment: | 1958 |
| Headquarter: | Pune, Maharashtra |
| Branches: | 26 Branches |
| Number of Manufacturing Facilities and Locations: | 5 Manufacturing sites at- Roorkee (Uttarakhand), Urse (Pune), Pimpri (Pune), Verna (Goa) & Ponda (Goa) |
| Number of Employees: | 1,576 |
| Actual Production: | 2023-24: Electrical Cables: 68,248 MT Communication Cables (Metal Based): 7,830 MT Communication Cables (OFC): 17,12,351 FKM 2022-23: Electrical Cables: 59,082 MT Communication Cables (Metal Based): 7,127 MT Communication Cables (OFC): 26,26,842 FKM |
| Product Portfolio: | Electrical Cables, Power & Control Cables, FR PVC Insulated Industrial Cables, FLAMEGARD: FR-LSH Insulated Industrial Cables, FINOGREEN: HFFR Insulated Industrial Cables, 3 Core Flat Cables, Elevator Cables, Solar Cables, Communication Cables, CCTV Cables, CAT 6 LAN Cables, Optic Fibre Cables, Speaker Cables, RG6 Coaxial Cable, Telephone Cable, Conduits & Fittings, Lighting Products, Fans, Switchgear, Water Heaters, Door Locks. |
| Financials: | |
| Turnover (total) | 2023-24: INR 50,140 million 2022-23: INR 44,810 million |
| Turnover (Electrical Cables) | 2023-24: INR 42,216 million 2022-23: INR 36,835 million |
| Turnover (Communication Cables) | 2023-24: INR 5,312 million 2022-23: INR 5,790 million |
| Profit (EBITDA) | 2023-24: INR 7,987 million 2022-23: INR 6,937 million |
| Growth Rate of Turnover: | 12% |
| Growth Rate of EBITDA (Group + GPS): | 15.10% |
| Net Worth: | INR 42,059 million |
| CSR Activities undertaken: | • In FY 2023-24, we advanced our commitment to education with several initiatives benefiting the communities we serve. • To foster healthcare, we collaborated with the Sadhu Vaswani Mission and Rotary Club to distribute free artificial limbs, enhancing mobility for those in need. We also provided a cardiac ICU monitor to Dinanath Mangeshkar Hospital in Pune. • We provided food packets to 250 blind people, at the Blind Organisation of India, Mumbai • As part of our social welfare initiative, we provided an ambulance to the Mother Teresa Mission |
| New Developments since 2022: | • In FY 2023-24, we envisaged a capital expenditure outlay of INR 500 crores to expand our product offerings. • We are setting up our electron beam facility by installing two machines with capacities of 1.0 MeV and 1.5 MeV. • The Preform facility structure is nearly complete, with production anticipated by the end of 2024. With this, our fibre capacity will double from 4 million to 8 million kilometres and the cabling capacity will increase from 8 million to 10 million kilometres. • Additionally, we are expanding our auto-cable capacity at our Uttarakhand site, with new equipment expected in FY 2024-25. |
| Product Launches since 2022: | FinoGreen Cable |
| Market Served (domestic/exports in %) & countries served: | • Exports stood at INR 353 million, nearing to 1% of Total Sales • Presence in 14 International Countries & 36 Domestic States & UTs |
| Market Footprint: | • Present in 36 States and UTs • 26 Depots • 5,000 Channel partners • 24.9% Organised wire industry market share |
| Future Targets: | • Our new product segments surpassed INR 200 crores in revenue for the first time, ending the year at INR 225 crores. We aim to achieve a revenue of INR 500 crores over the next 2-3 years. • We plan to scale up our manufacturing facilities, launch new products, enhance brand engagement and broaden our distribution reach while improving operational efficiencies. |
| Joint Ventures: | • Corning Finolex Optical Fiber Private Limited • Finolex J-Power Systems Limited |
*Inputs based on Company’s Annual Reports
APAR INDUSTRIES LIMITED
Tomorrow’s Solutions Today
| Year of Establishment: | 1958 |
| Headquarter: | Headoffice : Mumbai, Maharashtra Registered Office : Vadodara, Gujarat |
| Number of Manufacturing Facilities and Locations: | 10 strategically located manufacturing facilities at: Khatalwada,Umbergaon (Gujarat) – Cables & Telecom | Umbergaon (Gujarat)- Polymers | Athola, Silvassa (Gujarat) – Conductors | Silvassa (Gujarat) – Oils & Lubricants | Rabale (Maharashtra) – Oils & Lubricants | Jharsuguda, Lapanga, Sabhaplur (Orissa) – Conductors | Sharjah (UAE) – Oils & Lubricants – PSF |
| Number of Employees: | 1900+ |
| Actual Production: | 2022-23 (monthly)Conductors : 1,60,131 MT Cables : 2,99,000 KM Speciality Oils : 4,86,582 KL Lubricants : 69,646 KL Polymers : 10,000 MT 2023-24 (monthly)Condcutors : 2,06,633 MT Cables : 5,01,132 KM Telecom : 2,00,000 KM Speciality Oils : 5,37,862 KL Polymers : 35,000 MT |
| Product Portfolio: | APAR Industries Limited operates in diversified business segments, reflecting its extensive capabilities and market reach. Here are the primary areas of focus: conductors, cables, telecom solutions, specialty oils & lubricants, polymers, and specialty automotives. |
| Financials: | |
| Turnover (total) | 2023-24: INR 161,530 million 2022-23: INR 143,520 million |
| Turnover (Cable & Telecom Solutions) | 2023-24: INR 38,589 million 2022-23: INR 32,634 million |
| Profit (EBITDA) – Total | 2023-24: INR 16,320 million 2022-23: INR 13,200 million |
| Profit (EBITDA) – (Cable & Telecom Solutions) | 2023-24: INR 4,380 million |
| Growth Rate of Turnover: | 13% |
| Growth Rate of EBITDA: | 24% |
| Net Worth: | INR 38,764.4 million |
| Market Capitalization: | INR 280,650 million |
| CSR Activities undertaken: | Total CSR expenditure was Rs. 8,72,78,975 in FY 2023-24 spread across all CSR activities. Since our inception, and much before Corporate Social Responsibility (CSR) became mandatory, our founders have firmly believed that businesses have a responsibility to society at large. Our founders were big believers in the idea that everyone, regardless of religion, gender, caste or class received quality education and healthcare. We are committed to more than just our business; we’re dedicated to empowering marginalized communities and creating a fairer society. We understand that our actions impact society, the environment, and our stakeholders, and we strive to foster positive change in all these areas. Our CSR initiatives are centered on four core areas: Healthcare, Education, Rural Development, and Gender Equality. • Healthcare: Dharmsinh Desai Methodist Memorial Hospital (DDMM), Mobile Medical Unit (MMU) • Education: Dharmsinh Desai University (DDU), Dr. N. D. Desai Faculty of Medical Science and Research, Govardhan Skill Center (GSC), Sister Nivedita School on Wheels • Rural Development: Touching live of communities near manufacturing facilities • Gender Equality: Adruta Children Home • Dharmsinh Desai University (DDU) – APAR has allocated Rs. 4.15 crore towards the installation of solar panels at the Dharmsinh Desai University in last financial year. • Govardhan Skill Centre (GSC) – GSC has risen to become India’s 3rd largest skill centre. It is dedicated to the skill development for tribal women, children and youth. It impacts the lives of 3 million residents in the Palghar district. APAR has made a significant impact on the lives of children in the Palghar region with a contribution of ₹63 lakhs in the last finnacial year. • Dharmsinh Desai Memorial Methodist (DDMM) Heart Institute of Cardiology and Cardiovascular Surgery was established in 1993 to provide accessible cardiac care in Gujarat. As a charitable trust, it has consistently focused on affordability and advanced medical facilities. APAR donated Rs. 70 lakh last year to the DDMM Heart Institute for installing solar panels. |
| New Developments since 2022: | • Conductors: » Copper Profiles – T section and Z section » Customized solutions for Twisted pair condcutors • Cables: » UL 1072 MV Cables (XLPE & EPR)- Added UL MV cables range to our portfolio in addition to existing rich UL portfolio » High Ampacity LV Cables » Wind Sector Cables – Includes nacelle, converter, and generator cables, tested for extreme conditions. » Advanced PV Wires – Solar industry, zero transmission loss, fire retardant, UV resistant. » DC Solar Cables (CPR-Dca rating) – Developed for the European market. » Floating Solar Cables – Triple-sheathed AD8 Solar DC cables per EN standards. » Fire Survival Cables – Supplied for Sydney Metro, withstand up to 1050°C. » E-Beam Irradiated Cables – Extensive range for renewable energy, automotive, and defense applications. » Guidance Optical Fiber Wires – Developed for torpedoes, designed to unravel underwater. » Lightweight Tactical Cables – <3.8mm thickness, lightweight, military truck resistant. »FRP Cables – Triple-sheathed, fire survival capabilities without metallic elements. » Pressure Tight Cables – Suitable for shipbuilding, structured elastomeric cables. • Telecom: » Hybrid Cables » UL and CPR certified cable products • Speciality Oils: » Exported a total of 259,183 MT of all white oil grades combined in FY 23-24. » Solar project in Saudi Arabia » Natural Ester products promoted in Indonesia / Pakistan / Philippines » Proud and leading supplier to major MNCs like J&J, L’Oréal, and PZ Cussons. » Developed new market in UK/ France/ Germany • Lubricants: ENI Industrial launched ENI OSO IM Superclean range of premium hydraulic oils. This oil gives 5 times better wear protection than the conventional hydraulic oils. We are also honoured to get this oil approved by WINDSOR Plastic Injection Moulding Machine OEM who is one of India’s biggest manufactuer of Injection moulding machines. • Polymers: TPE & TPV material developement for major automotive manufacturers, Nylon Bondable material development, Halogen free TPE Material with FR V0 characteristics developed for automotive cables application |
| Product Launches since 2022: | • Conductors: Successsful type tests for ACSR/AW conductor & OPGW products. • Telecom : Giga Volt Hybrid Cables: Integrates fiber and copper conductors in a single unit for efficient data and power delivery • Lubricants: Arkos Gripp Tyres » Arkos Gripp GO for 2 Wheeler Tyres – Go Range of 2 Wheeler tyres, are exclusively designed in order to enhance fuel efficiency, riding performance and ensure safety with high grip and cornering stability. » Arkos Gripp Boss for 3 Wheeler tyres – The Boss range of tyres from Arkos Gripp ensures excellent durability and Grip across all terrains with high loading capacity. » Arkos Gripp Eva forElectric 3 Wheeler Tyres – In Order to cater to the Electric 3 Wheeler Market, Arkos Gripp range of EVA tyres are being introduced. EVA range of tyres provide excellent durability/better wet traction and braking for electric 3 wheelers. Rigidity in tyres ensures smooth rides along with advanced load carrying capacity. • Polymers: » PVC Compounds product range launched |
| Market Served (domestic/exports in %) & countries served: | • Cables: » Domestic vs Exports ratio – 62% & 38%. » Countries served – 140+ , Major countries being served are USA, Australia, Italy, Germany, Romania, Spain, Ethiopia, United Arab Emirates, Peru, Colombia etc. • Speciality Oils : 80% Market share in below markets » Ethiopia / KSA / Korea /Australia / Vietnam / Indonesia » UAE / Turkey / RSA/ Malaysia – Local Presence • Countries of success: » Turkey 1. Bulk Storage (3500 MT) in bonded tanks in Gebze Port 2. Local blending facility in Istanbul 3. Market share of 50% overall and 85% for the paraffinic grade 4. Total volume 15000 MT and Revenue over $20 million » South Africa 1. APAR provides the raw material/finished product in Flexi bags/ ISO Tanks 2. Engen handles the storage and marketing 3. APAR is 1 of 2 companies with ESKOM approval 4. Over 60% market share in RSA market » Australia 1. Working with DKSH Australia 2. Storage tanks with 2000 KL capacity 3. Market share 50% in transformer oil 4. Market share 57 % in white oil 5. Volume in 2021: 6,175 MT Volume in 2023: 7,200 MT Over 16% growth in the last 2 years » Malaysia 1. Local blending facility in Shah Alam, Malaysia 2. Market share of 45% for transformer oil 3. Total volume in FY 23-24 is 1450 MT 4. Volume in FY 24-25 YTD is 600 MT 5. Approvals in TNB » United Arab Emirates 1. 100% owned subsidiary 2. Crossed volume sales of 100,000 MT in FY 23-24 3. Storage expansion project underway 4. Over 70% market share in transformer oil in the GCC » Saudi Arabia 1. Neom, Expo 2028 and the FIFA World Cup 2. SEC Approval in place for APAR India 3. Collaboration with Luberef in the LubeHub in Yanbu 4. Manufacturing right across form the Luberef refinery with direct pipeline transfer of base oil • Lubricants: » Domestic: Pan India (Eni, Arkos, Poweroil Industrial) » Exports: Eni – Nepal, Bangladesh & Sri Lanka » Arkos: Middle East & North Africa (MENA) » Poweroil: Middle East & North Africa, Nigeria, Bangladesh, Sri Lanka & Nepal • Polymers: Exports is less than 5% & we supply to South Asia, Gulf countries, Algeria, Oman, Dubai and Australia |
| Market Footprint: | • Cables: » No. of Distributors: Project Distributors for Cables & Wires in India – 40+; Retail Distributors for Wires in India – 380+ » No. of Retail dealers: No of retailers pan India – 7400+ • Lubricants: » Distributors/Channel Partners : Eni (Automotive & Industrial) –> 424 | Arkos –> 121| Poweroil Industrial –> 75 » Dealers/Retail Outlets: Close to 12,500 | Mechanics: Close to 1,10,000 • Polymers: » Domestic Distributors appointed in Noida, Hyderabad & Punjab. » International Distributors appointed in Bangladesh, Australia & Dubai |
| No. of EPC contracts undertaken/ongoing with respective locations: | • Conductors: » BSTPCL reconductoring project with HTLS – Largest order of Rs. 500 crore for turneky solutions. Started supplying CTC material for the prestigious 765KV rating transformers which will go to BHEL and Power Grid will be the end customer. » Advanced Aluminium Conductor Composite Core (ACCC) conductors for 132 KV and 220 KV operations, designed for Rajasthan Rajya Vidyut Prasaran Nigam Limited aand Uttar Pradesh Power Transmission Corporation. » Type registration of HTLS condcutor by National Grid, UK. » Partnership with SAE Towers, Brazil for delivering GSW cables • Telecom: with one of the telecom operators in India in three states. |
BIRLA CABLE LIMITED
Innovation for Sustainability
| Year of Establishment: | 1992 |
| Headquarter: | Registered Office : Rewa, Madhya Pradesh |
| Branches: | Noida, Ahmedabad, Bangalore, Chennai, Goa, Hyderabad, Kolkata, Mumbai |
| Number of Manufacturing Facilities and Locations: | 1 Unit at Rewa, Madhya Pradesh |
| Number of Employees: | 313 |
| Production Capacity 2023-24: | Optical Fibre Cables : 2,00,000 Kms Per Annum Structured LAN Cables : 13,20,000 Boxes of 305m Per Annum |
| Actual Production 2023-24: | Optical Fibre Cables : Around 75% of Capacity Structured LAN Cables : Around 93% of Capacity |
| Product Portfolio: | • Optical Fibre Cables: Central-tube Unarmoured Cable; Multi-tube Single Sheath Unarmoured Cable; Multi-tube Double Sheath Unarmoured Cable; Multi-tube Double Layer Unarmoured Cable; Central-tube Steel Tape Armoured Cable; Multi-tube Single Sheath Armoured Cable; Multi-tube Double Sheath Armoured Cable; Dielectric Rodent Protected Cable; Multi-tube Steel Wire Armoured Cable; Multi-tube FRP Rod Armoured Cable; Multi-tube Ribbon Type Cable; All Di-electric Self Supporting Aerial Cable; Single-tube Figure-8 Type Aerial Cable; Multi-tube Figure-8 Type Aerial Cable; Hybrid (Optical & Copper) Underground Armoured Cable; Drop Cable; Indoor Drop Cable; Central-tube Micro Cable; Multi-tube Micro Cable; Interconnect Cable; Breakout Tight Buffered Unarmoured Cable; Fan out Tight Buffered Unarmoured Cable; and Fibre to Antenna. • Copper Structured Lan Cables: 4 Pair UTP CAT 5e Cable; 4 Pair FTP CAT 5e Cable; 4 Pair SFTP CAT 5e Cable; Hybrid 4 Pair CAT 5e with 2 F Cable; 4 Pair CAT 5e armoured LSZH Cable; 4 Pair UTP CAT 6 Cable; 2/4Pair CAT 5e Drop Cable – Single Sheath; 2/4Pair CAT 5e Drop Cable – Double Sheath; 2/4Pair Data Communication Cable; Switchboard Cables (Screened/Unscreened); Automobile Wires, LV Power Cables • Telecom Accessories: Copper Patchcords & Assemblies |
| Financials: | |
| Turnover (total) | 2023-24: INR 7,005 million 2022-23: INR 7,967 million |
| Profit (EBITDA) | 2023-24: INR 557.9 million 2022-23: INR 680.6 million |
| Growth Rate of Turnover: | (-) 12.07% |
| Growth Rate of EBITDA: | (-) 18.03% |
| Net Worth: | INR 2,234.6 million |
| Market Capitalization: | INR 6,772.5 million |
| CSR Activities undertaken: | • Contribution to Gaushala (Cow Ranch) • Operation and Maintenance of Gymnasium (Gym) equipments • Operation and Maintenance of a Fire Tender being operated at Udyog Vihar Industrial Area, Rewa (M.P.) and its surrounding areas. • Promotion of nationally recognised sports i.e. “ALL INDIA REWAGOLD CUP FOOTBALL TOURNAMENT” • Development of medical facilities at M.P. Birla Hospital, Satna (M.P.) |
| New Developments since 2023: | In Optical Fibre Cable Segment: Dual Layer Cable and Lightweight ADSS Cables; and in Structured LAN Cable Segment: Cat-7 Cable |
| Market Served (domestic/exports in %) & countries served: | Domestic: 79.65% and Exports 20.35% Domestic: Pan-Indian Market and Exports covering more than 80 Countries across all continents. |
VINDHYA TELELINKS LIMITED
Journey Towards Digital Future
| Year of Establishment: | 1983 |
| Headquarter: | Registered Office : Rewa, Madhya Pradesh Corporate Office : Gurugram, Haryana |
| Branches: | Noida, Ahmedabad, Bangalore, Chennai, Goa, Hyderabad, Kolkata, Mumbai |
| Number of Manufacturing Facilities and Locations: | 1 Unit at Rewa, Madhya Pradesh |
| Number of Employees: | 609 |
| Production Capacity 2023-24: | Optical Fibre Cables : 2,12,000 Kms Per Annum Railway Cables (Quad & Signalling) : 17,500 Kms Per Annum Solar Cables : 72,000 Kms |
| Actual Production 2023-24: | Optical Fibre Cables : Around 47% of capacity Railway Cables (Quad & Signalling) : 42% of capacity Solar Cables : 88% of capacity |
| Product Portfolio: | • Fibre Optic Cables: Central-tube Unarmoured Cable, Multi-tube Single Sheath Unarmoured Cable, Central-tube Steel Tape Armoured Cable, Multi-tube Single Sheath Armoured Cable, Dielectric Rodent Protected Cable, Multi-tube Steel Wire Armoured Cable, Multi-tube FRP Rod Armoured Cable, Multi-tube Ribbon Type Cable, All Di-electric, Self Supporting Aerial Cable, Hybrid (Optical & Copper) Under Ground Armoured Cable, Drop Cable, etc. • Copper Cables: Foam Skin / Solid PE Insulated Jelly Filled Telephone Cable, Self Supporting Aerial (Figure 8 Type) Telephone Cable, Underground Jelly Filled Quad Cable, Signalling Cable, Jumper Wire, Electroplated Tinned Copper Wire, etc. • Solar PV Cables • Power Cable: LT Aerial Bunched Cable, Instrumentation Cable 1, Instrumentation Cable 2, Control Cable, PVC Insulated Industrial Cable (Unsheathed & Sheathed) • Telecom Fibre Accessories |
| Financials: | |
| Turnover (total) | 2023-24: INR 41,101.5 million 2022-23: INR 29,139.2 million |
| Profit (EBITDA) | 2023-24: INR 3,183.8 million 2022-23: INR 2,943.6 million |
| Growth Rate of Turnover: | 41.05% |
| Growth Rate of EBITDA: | 8.16% |
| Net Worth: | INR 12,193.9 million |
| Market Capitalization – BSE: | INR 26,358.1 million |
| CSR Activities undertaken: | • Contribution to Gaushala (Cow Ranch) • Operation & Maintenance of an Ambulance • Operation & Maintenance of an Automated • Scavenging Machine and Truck • Promotion of nationally recognised sports i.e. “ALL INDIA REWAGOLD CUP FOOTBALL TOURNAMENT” • Sports Promotion “Bhagirathi Forest Sports Meet-2023” • Medical facilities at M.P. Birla Hospital, Satna (M.P.) |
| New Developments since 2023: | Developed Ultra Lightweight Aerial Optical Fibre Cables, Fire Survival Cables, Battery Cables and Connectorised Cabling solutions for Railways & Military Applications |
| Market Served (domestic/exports in %) & countries served: | In domestic sector covering Pan-Indian Market and in Exports covering more than 80 Countries across all continents. Domestic Sales is 89.20% and Exports Sales is 10.80% |
| No. of EPC Contracts undertaken/ongoing: | • Telecom Cabling Solutions turn-key Projects • Water Pipeline Projects • Solar Projects • Gas Pipeline Projects · • Power Cabling Solutions |
| Future Targets: | The Company has planned for further increase in the capacity of E-Beam Cable facility to cater to the increased business demands in all the user segments like solar energy, railways, ship building and the new technology segments. |
| Joint Venture: | Birla Visabeira Pvt. Limited |
UNIVERSAL CABLES LIMITED
Unwavering Commitment & Legacy of Excellence.
| Year of Establishment: | 1962 |
| Headquarter/Branch locations: | Registered Office : Satna, Madhya Pradesh Corporate Office : New Delhi 8 Marketing Offices |
| Number of Manufacturing Facilities and Locations: | Unit 1 : Satna, Madhya Pradesh Unit 2 : Verna, Goa |
| Number of Employees: | 864 |
| Production Capacity 2023-24: | UNIT- SATNA 2022-23 2023-24 EHV (Km) 900 1,050 MV (Km) 4,800 6,000 LV (Km) 14,400 14,400 Rubber (Km) 2,400 2,400 Capacitor – LT & HT (KV Ar) 45,00,000 45,00,000 UNIT – GOA 2022-23 2023-24 PVC Insulated Winding Wire 35,000 40,000 LT Power Cables 32,000 40,000 Optical Fibre Cables 23,950 23,950 |
| Actual Production 2023-24: | UNIT- SATNA 2022-23 2023-24 EHV (Km) 867 625 MV (Km) 3,324 5,497 LV (Km) 8,719 9,689 Rubber (Km) 639 1,085 Capacitor – LT & HT (KV Ar) 28,17,399 34,12,316 UNIT – GOA 2022-23 2023-24 PVC Insulated Winding Wire 13,500 35,575 LT Power Cables 27,109 26,034 Optical Fibre Cables 19,298 3,762 |
| Product Portfolio: | • XLPE Cables (Extra High Voltage Cables, Medium Voltage Cable, Low Voltage Cables, Aeriel Bunched Cables) • PVC Cables (Power and Control Cable, Winding Wire, Flat Motor Leads, wires and Flexibles) • Elastomeric Cables |
| Financials: | |
| Turnover (total) | 2023-24: INR 20,206.7 million 2022-23: INR 22,019.5 million |
| Profit (EBITDA) | 2023-24: INR 1,852.9 million 2022-23: INR 2,029.9 million |
| Growth Rate of Turnover: | -8.23% |
| Growth Rate of EBITDA: | -8.72% |
| Net Worth: | 2023-24: INR 8,634.1 million 2022-23: INR 7,070.3 million |
| Market Capitalization – BSE: | 2023-24: INR 15,770 million 2023-23: INR 12,470 million |
| CSR Activities undertaken: | Contribution to an approved/registered trust ‘Madhav Prasad Priyamvada Birla Apex Charitable Trust’, in which a director and his relative are trustees, for undertaking the following approved CSR projects/programmes/ activities – • Environment Sustainability, Ecological Balance & Animal Welfare. • Promoting Education and Education relating to Culture • Empowerment of physically challenged persons • Rural Development • Training for Rural Sports and Nationally recognised Sports. • Health Care & preventive health care- Part cost of construction of a new block for expansion of hospital beds in the existing building of M.P. Birla Hospital, Satna (M.P.). Development of Medical Facilities by setting up Pathology Equipments, X Ray Machine (Fixed & Portable), NICU Warmer, Phototheraphy, CPAP, AC and upgradation of ICCU Level 3. |
| New Developments since 2022: | • The Company has successfully completed the Type Test of very specialised 1 x 2500 Sq mm Enameled Copper Conductor 400kV EHV cable at world renowned Testing Laboratory-CESI/IPH, Germany as well as at renowned domestic test laboratory i.e. Central Power Research Institute. • Company has also suuccessfully completed PQ Test on 1 x 2500 Sqmm, Copper Conductor, 220 kV Cable system at Central Power Research Institure, Bengaluru, India. • In the HV and MV segment, the Company commands a sizeable market share with widest range of cables in HV and MV segment. The capacity expansion project accomplished in financial year 2020-21 further strengthened its market share. • The company is expanding its manufacturing capacity in LV, MV, HV/EHV Power cable segment in phased manner to overcome production capacity contraints in order to meet surging demand for the whole range of Power cables i.e. LV, MV, HV/EHV as well as Insulated Widing Wires, Building Wires and Multicore Flexible Cables besides augmenting the production capacity of PVC Compounds for Wire & Cable application. • Installed all new machines duly configured and equipped with state-of-the-art technology for ensuring optimised productivity and energy efficient performance. • Apart from the 2 MW rooftop solar plant, Company has also signed a contract for 4 MW Hybrid Power ( Solar + Wind) with M/s Continuum Power with which Comapny uses approximately 60 % of the total power consumption from renewal power sources . • In addition to 2 MW Capacity Roof Top Solar Power Plant installed in previous (2020-21), the Company has installed another Roof Top Solar Plant of 500 KW capacity at its Goa Unit during the year (2021-22). • Identification and sourcing of new and alternate materials for ensuring quality improvement and cost competitiveness. • Diversification and wider product range to address emerging market opportunities. • Developed following new varieties of Cables & Capacitors:.High Pass and Band Pass Harmonic Filters for Renewable Energy- upto 33KV. |
| Product Launches since 2023: | During the year under review, the Company has manufactured and supplied at commercial scale 400kV EHV cables which is the highest voltage segment for underground cables in India. |
| Market Served (domestic/exports in %) & countries served: | The company has national and international presence. It has been successful in penetrating into European & South American Market in EHV cable segment besides the neighbouring countries such as Bangladesh Sri Lanka etc. The revenue from exports for Company stood at INR 1,019.14 million during the year 2023-24. |
| No. of EPC Contracts undertaken with respective locations: | • The Company has opened a branch office in Dhaka (Bangladesh) for undertaking EPC projects in the country. • Vindhya Telelinks Limited, an associate company is engaged in the business of Engineering, Procurement and Construction (EPC) business. |
| Future Targets: | • Universal Cables expects to complete the ongoing 400kV Cable project during the financial year 2024-25 and hopeful of receiving further turnkey orders from Government utilities which will help in building reasonable strong credential in this niche segment. • In line with expected demand growth in EHV Cable the Companies capacity augmentation and modernisation has been complete and is helping in garnering additional business from 3rd quarter of 2023-24. • The Company will continue to invest in new technologies in phases in tandem with demand growth for its overall business transformation. |
| Joint Venture: | • Birla Furukawa Fibre Optic Private Limited (BFFOPL) • Associate Company: Vindhya Telelinks Limited (VTL) • Joint Venture of an Associate Company: Birla Visabeira Private Limited (BVPL) • Wholly owned Subsidiaries of an Associate Company: » August Agents Limited (AAL) » Insilco Agents Limited (IAL) » Laneseda Agents Limited (LAL) • The Company entered into a Manufacturing Technical Collaboration Agreement with NKT GmbH & Co. KG, Germany on 9th August, 2018 for 400 kV Extra High Voltage XLPE Underground Cables, which continues to remain in force |
KEC INTERNATIONAL LIMITED
Building Sustainable Infrastructure
| Year of Establishment: | 1945 |
| Headquarter: | Mumbai, Maharashtra |
| Branch: | 39 Branches |
| Number of Manufacturing Facilities and Locations: | • 8 Manufacturing Plants in Total (Indian and International) • 5 Manufacturing Plants in India: Maharashtra, Madhya Pradesh, Rajasthan, Karnataka and Gujarat • 3 International Manufacturing Plants: Dubai, Brazil, Mexico • Cables are manufactured at 2 plants in Karnataka and Gujarat |
| Number of Employees: | 7,644 |
| Production Capacity 2023-24: | Power Cables : 42,150 km Instrumentation Cables : 3,600 km Optical Fibre Cables : 8,00,000 Fkm Copper Telecom Cables : 6,00,000 Conductor Fkm Catenary Conductor : 2,040 MTPA Contact Wire : 3,240 MTPA |
| Product Portfolio: | Power cables, control & instrumentation cables, railway contact, catenary conductors, signalling & quad cables, telecom cables, & special cables |
| Financials: | |
| Turnover (total) | 2023-24: INR 199,140 million 2022-23: INR 172,820 million |
| Turnover (wires & cables) | 2023-24: INR 16,500 million 2022-23: INR 17,000 million |
| Profit (EBITDA) | 2023-24: INR 12,150 million 2022-23: INR 8,300 million |
| Growth Rate of Turnover: | 15.23% |
| Growth Rate of EBITDA: | 46% |
| Net Worth: | INR 40,960 million |
| Market Capitalization: | INR 178,400 million |
| CSR Activities undertaken: | • Corporate Social Responsibility: » Target: Reach 2 Lakh CSR beneficiaries by FY26 » Status: CSR beneficiaries for FY24 are 3.3 Lakh • Through initiatives spanning Education, Employability, Community Development, and Heritage Conservation, we focus on holistic empowerment and creating a maximum positive impact for our stakeholders. • Additionally, our employees are encouraged to engage in various volunteering initiatives aimed at achieving societal development goals. •Swayam Weave & Farm: Aims to provide employment to less privileged sections through specialised skill training programmes • Pehlay Akshar Schooling: Functional English classes are imparted to children through various offline and online modes, including TV (DD Program), A-Story-A-Day Campaign, and YouTube. • Pehlay Akshar Training: Capacity building of government school teachers to create ‘Magic Classrooms’ – safe learning environments for children and effective classes. Establishing Learning Rooms to provide collaborative spaces to students and teachers with functional English curriculum, digital aids, books, and skilled personnel to improve English literacy and 21st century skills. • Heritage: Upliftment of community areas through the revival of art and experiences in the Banganga region and transforming Worli Koliwada through art, architecture, biodiversity conservation, community development, and creating visitor experiences to rejuvenate the heritage site. |
| New Developments since 2022: | • Delivered highest ever order book, revenue, and profitability for the business • Achieved more than 80% growth in Profit before Tax (PBT) as compared to the previous year • Revitalised dealer business, expanding into new territories and forging partnerships with new dealers • Commenced the establishment of a new Aluminium Conductor Plant to broaden our product portfolio |
| Product Launches since 2022: | • Developed 10 new products such as PV Solar cable, Cathodic Protection cable, Concentric cable, Flat Submersible cable, LV Hybrid cable, Railway Signalling Power, etc. in 2022-23 • Re-introduced “Asian Cables” brand to leverage upon a name well respected for its quality and reliability in 2022 • Developed and commercialised seven new products ranging from Green cables, EV charging cables, LT aerial bunch cables, cathodic protection cables, etc in 2023-24 • Developed special PVC grades for various applications such as Metro railways, Low temperature regions Oil & Gas etc. |
| Market Footprint: | • 110+ countries (Includes EPC, Supply of Towers & Cables) • 30+ Countries Executed/executing EPC projects in FY24 |
| Market Served (domestic/exports in %) & countries served: | Exports: 29% Domestic Sales: 71% Domestic Sales pan India, Exports to 35 countries |
| Joint Ventures: | 34 joint ventures |
*Inputs Based on Company’s Annual Reports
V-GUARD INDUSTRIES LIMITED
Reimagining Tomorrow
| Year of Establishment: | 1996 |
| Headquarter: | Kochi, Kerala |
| Branch: | 35 Branch Offices |
| Number of Manufacturing Facilities and Locations: | • 13 Manufacturing Units pan India • Wires & Cables are manufactured at 2 plant locations situated at Coimbatore, Tamil Nadu and Kashipur, Uttarakhand |
| Number of Employees: | 2,500 |
| Product Portfolio: | Housing Wiring Cables, Switchgears, Modular Switches, Pumps, Stabilizers, Inverters and Batteries, Solar Power, Systems Solar & Electric Water Heaters, Fans, Air Coolers, Kitchen Appliances (includes Mixer Grinders, Gas Stoves, Water Purifiers, Other Small Kitchen Appliances) |
| Financials: | |
| Turnover (total) | 2023-24: INR 48,566.7 million 2022-23: INR 41,270 million |
| Profit (EBITDA) | 2023-24: INR 4,267.1 million 2022-23: INR 3,200 million |
| Growth Rate of Turnover: | 17.70% |
| Growth Rate of EBITDA: | 33% |
| Net Worth: | INR 18,140 million |
| CSR Activities undertaken: | • Edu Care & Skill Development : V-Guard aims at enhancing infrastructure of Govt and Aided school, providing support to students from BPL families for education, supporting intellectually challenged, providing vocational skills to students to help them in finding suitable and rewarding jobs, providing scholarship to best performing students etc. • Health Care: The programme proposed to support children with disability by providing Mobility devices and corrective surgeries (Club foot, Eye Surgery, Correction of Legs, Hands, Spine and Lips), Extend support to Govt and charitable hospitals in establishment of health infrastructure, providing medical support to individuals suffering from life threatening / debilitating disease and need backing for meeting the hefty expenditure for the treatment and medication. • Build India & Relief : Through this programme, the Company focus to carry out projects for public infrastructure development, protection of environment, promotion of scientific research and disaster relief and rehabilitation activities. • Women Empowerment: Through this programme, the Company focus to carry out projects for women Entrepreneurship Development activities |
| New Developments since 2022: | The Chavadi Plant of the Wires and Cables Division (WCD) achieved remarkable success, winning three Gold Awards at the International Convention on Quality Circles 2023 in Beijing, China in 2023. |
| Market Served (domestic/exports in %) & countries served: | Pan India markets served. Exports to 5 countries: Nepal, Bhutan, Bangladesh, Myanmar, Jamaica |
| Joint Ventures: | • GUTS Electro-Mech Ltd. (GUTS) • V-Guard Consumer Products Ltd. (VCPL) • Sunflame Enterprises Pvt. Ltd. (SEPL) |
*Inputs based on Company’s Annual Reports
PARAMOUNT COMMUNICATIONS LIMITED
Vishwas 65 Saalo Ka, Suraksha Zindagi Bhar Ki
| Year of Establishment: | 1994 |
| Headquarter: | New Delhi |
| Number of Manufacturing Facilities and Locations: | Unit 1 : Khushkhera, Alwar, Rajasthan Unit 2 : Dharuhera, Rewari, Haryana |
| Number of Employees: | Permanent Employees : 350 Workers/ Contractual staff : 1300 |
| Product Portfolio: | Power Cables, Railway Cables, Telecom Cables, Special Cables, Domestic Wires & Cables, Turnkey Services |
| Application Areas: | Energy, Transportation, Communication, Infrastructure, National Security, Advanced Research, and Residential Developments |
| Financials: | |
| Turnover (total) | 2023-24: INR 10,706 million 2022-23: INR 7,965 million |
| Turnover (of wires & cables) | 2023-24: INR 10,210 million 2022-23: INR 7,740 million |
| Profit (EBITDA) | 2023-24: INR 1,045 million 2022-23: INR 642 million |
| Growth Rate of Turnover: | 34.40% |
| Growth Rate of EBITDA: | 62.70% |
| Net Worth: | INR 6,240 million |
| Market Capitalization: | INR 26,500 million |
| CSR Activities undertaken: | • The CSR obligation for the financial year 2023-24 was INR 3.9 million but the company had spent INR 4.2 million for carrying out the CSR projects. • Philanthropic initiatives undertaken for » Promoting education » Ensuring environment sustainability » Eradicating poverty and malnutrition » Healthcare |
| New Developments since 2022: | • Increased range of LT and HT cables • 3 new approvals obtained to launch products in international markets |
| Product Launches since 2022: | • Medium voltage covered conductors (MVCC) • High-Temperature Low Sag Conductors (HTLS) • Other specialized cables for growing requirements in power transmission and distribution networks |
| Market Served (domestic/exports in %) & countries served: | FY24: Domestic- 74%, Exports- 26% FY 23: Domestic- 50%, Exports- 50% |
| Market Footprint: | 600+ Insititutional Clients 150+ Channel Partners in India 7000+ Registered Electricians 40+ International Clients |
| Future Targets: | The company plans to set up a greenfield project to double its capacity & revenue by FY28 with comparison to FY24 |
DYNAMIC CABLES LIMITED
Igniting the Future
| Year of Establishment: | 1986 |
| Headquarter: | Jaipur, Rajasthan |
| Branches: | Delhi, Mumbai, Vadodra, Kolkata and Hyderabad |
| Number of Manufacturing Facilities and Locations: | 2 Units at Jaipur, Rahjasthan 1 Unit at Reengus, Rajasthan |
| Actual Production 2023-24: | 2022-23 : 34,955 MT 2023-24 : 39,470 MT |
| Product Portfolio: | Power Cables, Armoured Power Cable, MV Aerial Bunched Cables, LV Aluminium Multicore FRLS Cable, LV Unarmoured Aluminium Power Cable, MV Single Core Aluminium Armoured Power Cable, LV Copper Armoured Cable, LV Copper Power Cable, LV Copper Twin Wire Cable Copper Cable, LV Copper Control Cable, LV Aluminium Flat Cable, Railway Signaling Cable, MV Covered Conductors, ACSR Conductors, AA/AAAConductors, Bare Copper Conductors, LV Aerial Bunched Cable, Stay Wire, UL44 |
| Financials: | |
| Turnover (total) | 2023-24: INR 7,680 million 2022-23: INR 6,686 million |
| Profit (EBITDA) | 2023-24: INR 772.8 million 2022-23: INR 627.74 million |
| Growth Rate of Turnover: | 14.86% |
| Growth Rate of EBITDA: | 23.11% |
| Net Worth: | INR 2,139.5 million |
| Market Capitalization – BSE: | INR 8,167.2 million |
| CSR Activities undertaken: | • The expenditure towards Corporate Social Responsibility activities for FY 2023-24 was INR 70,51,719 spread amongst various activities like Construction and provision of High Quality 18 Rooms at Mahtama Gandhi Govt. School, Bani Park, Jaipur; Renovation of Existing Classrooms, Passage, Toilet Blocks along with Furniture, Green Boards at classrooms at Adarsh Vidhya Mandir Girls Senior Secondary School, Ambabadi, Jaipur; Construction of 04 Classrooms & Toilet Block and Passage & Renovation of 02 Old Classrooms along with new Furniture, Green Boards at classrooms at Government Upper Primary School, Village Gaddi, District Sikar; Construction of 04 new Classrooms and Renovation of Existing Classrooms, Passages and Toilet Block along with new Furniture at Mahatma Gandhi Government School, Goliyawas; Construction of three classrooms, the renovation of nine old classrooms, and the establishment of a toilet block, along with the provision of 75 sets of furniture at Government Senior Secondary School, Sodala, Jaipur, etc. • The Company also provided CSR funding of INR 5 Lakh support to the Incubation Sector through Liniment Pharma Private Limited. • It contributed E- Rickshaw and Electric Two Wheeler vehicle to NGO Naya Sawera , who is working for the welfare of the people of different underprivileged sections of society |
| New Developments since 2022: | Since 2023, the company has seen significant developments particularly driven by the demand for high speed connectivity and the energy transition. This move is a part of Dynamic’s efforts to meet the rising demand for renewable energy infrastructure including high voltage DC cables needed for offshore wind farms & energy transmission projects. The company also aims to expand its production capacity to many folds in near future to handle larger projects. Today, the company is associated with most of the top solar houses in the country including TATA POWER Solar, Vikram Solar, NTPC Solar, Mahendra Susten, Renew Power, AVAADA and many more prestigious Solar EPCs. |
| Product Launches since 2022: | We launched the EV Point Cables in 2023.These cables combine power and data transmission in a single construction, designed for easy installation & enhanced efficiency for charging stations. |
| Market Served (domestic/exports in %) & countries served: | • Around 79% of turnover is from domestic business and 21% from overseas business • Countries served: Australia, Benin, Bhutan, Burkina Faso, DR Congo, Egypt, Ethiopia, Gabon, Gambia, Iraq, Jordan, Kenya, Laos, Liberia, Malawi, Mauritania, Mauritius, Mozambique, Myanmar, Nepal, Nigeria, Rwanda, Senegal, Sierra Leone, South Africa, Sri Lanka, Uganda, USA, Zambia & many other reputed countries. |
| Market Footprint: | 42 dealerships in India |
| Future Targets: | • The company is targeting the following objectives to establish its brand image globally- Expand Global Market presence, Innovation and technology leadership, Sustainability and Eco-friendly practices, Digital transformation, Customer Centric Solutions, Work force development, Diversify Product portfolio, and Enhance Operational Efficiency. • Company is aiming to expand its Export market by leveraging the quality of its products to the International quality standards. • The company is planning to establish the stock points in neighbouring countries to cater the requirements globally. |
| Joint Venture: | Dynamic Cables is a fast-growing company, looking for Strategic partnerships and acquisitions to expand its product offerings to enter the new markets. It may also look for collaboration with key players in adjacent industries such as energy storage, telecom and other similar industries worldwide. |
CHANDRESH CABLES LIMITED: AVOCAB
Safe Rakhega, Mast Chalega
| Year of Establishment: | 1988 |
| Headquarter: | Ahmedabad, Gujarat |
| Branches: | Pan India |
| Number of Manufacturing Facilities and Locations: | 3 Units in Gujarat |
| Number of Employees: | 800 |
| Production Capacity 2023-24: | Power Cables : 12,000 kms Control & Instrumentation Cables : 15,000 kms Flexibles : 15,00,000 meters |
| Actual Production 2023-24: | Operating at full capacity |
| Product Portfolio: | Power Cables upto 66 KV, Control & Instrumentation Cables, Flexible Cables, House wires, Fire Survival Cables, Submersible Cables, CAT 6, Covered Conductors, Aerial Bunched Cables, Airport Cables, Solar DC Cables, and various other Speciality Cables. |
| Financials: | |
| Turnover (total) | 2023-24: INR 6,850 million 2022-23: INR 5,850 million |
| Growth Rate of Turnover: | 17.09 % |
| New Developments since 2023: | Covered Conductors, Aerial Bunched Cables, Pioneered in taking BIS License for FS Cables |
| Product Launches since 2023: | PICC, Copper Strips, PV Ribbon, Solar Cables |
| Market Served (domestic/exports in %) & countries served: | Domestic: 85%, Exports: 15% (Africa, Middle East, South Asia, Europe) |
| Market Footprint: | Number of dealers/distributors/retail outlets (Domestic & International): More than 100 dealers pan India and multiple channel partners for exports |
| Future Targets: | Company on path to cross INR 10,000 million in revenues and get into EHV Segment. Plans are in place to increase the manufacturing capacity for HT Cables, Conductors & Solar Cables. There will be heavy focus on increasing the retail presence across India. |
| Joint Venture: | Actively exploring technology tie ups with German counterparts. |
CORDS CABLE INDUSTRIES LIMITED
The Ideal Connection
| Year of Establishment: | 1991 |
| Headquarter: | New Delhi |
| Branches: | Mumbai, Hyderabad, Chennai, Kolkata, Bangalore, Patiala, Vadodara |
| Number of Manufacturing Facilities and Locations: | 2 Units in Alwar, Rajasthan |
| Number of Employees: | 530 |
| Production Capacity: | 2023-24 : 65,000 Km cables 2022-23 : 65,000 Km cables |
| Actual Production: | 2023-24 : 35,368 Km cables 2022-23 : 30,652 Km cables |
| Product Portfolio: | Power cable upto 3.3 kV, Control & Instrumentation cables, Specialised Thermo couple Heat Resistant and Fire Survival cables, Railway Signalling, Balise cables and other Specialised cables |
| Application Areas: | Power, Hydrocarbon, Solar, Steel, Cement, Pharma, Chemicals, Paints Industry and also in various infrastructure projects involving building and factories |
| Financials: | |
| Turnover (total) | 2023-24: INR 6,277 million 2022-23: INR 5,263 million |
| Turnover (of wires & cables) | 2023-24: INR 6,226 million 2022-23: INR 5,221 million |
| Profit (EBITDA) | 2023-24: INR 413 million 2022-23: INR 395 million |
| Growth Rate of Turnover: | 19.28 % |
| Growth Rate of EBITDA: | 4.5 % |
| Net Worth: | INR 1,692 million |
| Market Capitalization: | INR 2,730 million |
| CSR Activities undertaken: | • Focus on improving academic performance of students by providing quality education and had spent amount for promoting education among children • Organising health check-up camp in Bhiwadi |
| New Developments since 2022: | We have obtained; • CE marking for our products • Got our products tested at KEMA Lab, Netherland • Our lab has also received NABL accreditation |
| Product Launches since 2022: | • Have launched Quad cable for Railway & Metro sectors • Have launched Specialised VDF and Mining cables • Have obtained BIS licence for manufacturing of 3.3 kV cables • Have increase our manufacturing capacity by investing INR 16 crores Capex for Power, Control & Instrumentation cables in the last two years |
| Market Served (domestic/exports in %) & countries served: | Domestic : 80% Export : 20% Export markets are Middle East countries, European countries, African Countries |
| Market Footprint: | Cords has extensive presence in • Hydrocarbon projects like Refinery, Petro-chemicals, Terminal automation • Has strong presence in Thermal, Hydrocarbon, Solar Power • Cater to major Cement & Steel industriess in the country • Associated with major infrastructure projects in Buildings, Factories & Roads |
| Future Targets: | To increase Top line substantially by adding new products, market segments and capacity expansion |
