In order to serve the continued strong demand for the whole range of power cables as well as insulated winding wires, building wires and multicore flexible cables both in domestic and overseas markets, Universal Cables Limited (UCL) has increased its aggregate capital outlay from INR 277 crore (as announced on May 17, 2024) to INR 482 crore.

Feb 18, 2025

Universal Cables Limited (UCL), a leading manufacturer and supplier of electrical cables and capacitors, has increased its aggregate capital outlay from INR 277 crore (as announced on May 17, 2024) to INR 482 crore, to fund its ongoing capacity expansion at its two facilities in Satna (Madhya Pradesh) and Verna (Goa).

The company said in an exchange filing that it has decided to increase the amount in view of the constructive business outlook based on expected continued growth in demand for the entire range of power cables for critical energy infrastructure in domestic and overseas market places.

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After the completion of its project at Satna facility, UCL’s annual production capacity of low voltage (LV), medium voltage (MV), high voltage (HV) and extra high voltage (EHV) power cables will increase from the existing 21,450 km to approximately 31,575-32,850 km.

The annual manufacturing capacity for polyvinyl chloride (PVC) compounds for wires and cables is expected to reach around 9,000 MT from the current 3,600 MT.

At the Verna plant in Goa, the annual production capacity of insulated winding wires, building wires and multicore flexible cables will increase from the existing 75,000 km to around 2,50,000 km.

The cablemaker said the activities are in full swing at both the plants and the envisaged expanded capacity is likely to be fully operational in a phased manner between July 2025 to March 2026.

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As per UCL, it will fund the projects through a combination of long-term debt and equity/internal accruals.

The power cable industry has seen a significant increase in demand in the recent past and there is a visible growth momentum across all products range of wires and cables manufactured by the company, which provides adequate comfort to proposed capex, it added.actured by the company, which provides adequate comfort to proposed capex, it added.