DP Wires Ramps Up Production to 80,000 MTPA with Tech Upgrades and Product Diversification

DP Wires has scaled its capacity from 50,000 metric tonnes to 80,000 metric tonnes per year. This expansion is supported by advanced wire drawing technology and an expanded product portfolio that includes LRPC, induction tempered wires, spring steel, and geomembranes. In an exclusive interview to Wire & Cable India, Mr. Arvind Kataria, Director at DP Wires Limited shares that the company is actively upgrading its plant, expanding its product range, and embracing sustainable and high-tech manufacturing to reinforce its position in the steel wire segment.

Wire & Cable India: After DP Wires Limited’s IPO in 2017, how has the company grown so far?

Arvind Kataria: After DP Wires Limited’s IPO in 2017, the company has shown strong growth across key areas. Its revenue increased significantly, from around INR 197 crore in FY2018 to over INR 1,200 crore in FY2023.

Our net profits also grew substantially during this period, reaching a peak of about INR 41 crore in FY2023. The company expanded its manufacturing capacity for wires and plastic films and entered new export markets including the USA, Europe, and Bangladesh.

In 2020, we moved from the SME platform to the NSE main board, reflecting our improved scale and stability. While FY2024 saw a slight dip in revenue and profit, the long-term growth trend remains positive, with a solid track record in financial performance, capacity expansion, and market reach.

Watch: Top Cable Companies in India 

WCI: The company emphasises on the strategic location of the Ratlam facility in Madhya Pradesh. Could you please tell us how it plays a key role in terms of steel wire production?

AK: The strategic importance of our Ratlam facility in Madhya Pradesh is due to its central location, which ensures efficient distribution, proximity to raw materials, availability of skilled labor, and strong infrastructure. These factors collectively enhance our operational efficiency and support our cost-effective, high-quality steel wire production.

WCI: Could you please tell us about your company, your product portfolio and manufacturing capacities, specially for the steel wire segment.

AK: Incorporated in 1998, DP Wires Limited is a leading Indian manufacturer of specialized steel wire products, based in Ratlam, Madhya Pradesh. The company serves crucial sectors like infrastructure, power, construction, and automotive. Our product portfolio in the steel wire segment include LRPC (Low Relaxation Pre-Stressed Concrete) strands, induction-tempered steel wires, spring steel wires, and normal relaxation prestress strands. These are used in bridges, metros, nuclear plants, and high-rise structures.

Our current manufacturing capacity is approximately 80,000 metric tonnes per year. The facilities include state-of-the-art machinery for wire drawing, heat treatment, and quality testing, adhering to ISO and ASTM standards. We are a trusted supplier for key infrastructure projects across India and are steadily expanding to meet growing industry demand.

WCI: What are the current trends shaping the wire and cable industry in India, especially the steel wire sector?

AK: India’s steel wire sector is growing rapidly, driven by infrastructure development, export opportunities, and demand for specialized, high-performance wires. The focus is also shifting toward sustainability, quality, and automation to stay competitive globally.

WCI: How do you see Indian steel wire manufacturers competing with global players in terms of quality, pricing, and technological advancements?

AK: Indian firms are improving significantly in steel wire production, and adopting international standards like ASTM, ISO, and EN. Companies like DP Wires, Usha Martin, Tata Steel now serve critical sectors such as infrastructure, nuclear, railways and other sectors globally. Their cost competitiveness is driven by lower labor and production costs. Further, currency depreciation and extensive local sourcing keep their export pricing attractive.

On technological fronts, the steel wire manufacturers are adopting automation, advanced wire drawing technology, heat treatment, and advanced testing systems to elevate product quality and standards. The companies are progressing when it comes to technological advancements and upgrades but still lagging slightly behind European and Japanese players in high-end wire technology.

Indian steel wire manufacturers are experiencing strong export growth, especially as Western countries are divesting from China. This gives opportunities to the Indian firms which are increasingly being seen as reliable alternatives in global supply chains.

WCI: What are the recent developments and innovations happening at your company?

AK: Some of our recent developments at DP Wires include capacity expansion and manufacturing enhancements at the Ratlam plant, which continues to integrate state-of-the-art machinery for wire drawing, heat treatment, and high-precision testing—improving yield, quality, and operational efficiency.

In terms of technological innovation and product diversification, our company continues to use advanced alloys and precision engineering, particularly for induction-tempered and spring steel wires. We have expanded our product offerings in specialty segments like geomembrane sheets and LRPC strands, supported by targeted R&D and knowledge sharing through blogs covering topics such as strand technology and geomembrane applications.

To boost sustainability, our company has rolled out green manufacturing initiatives such as energy-efficient equipment, scrap recycling, and robust waste management, aligning with best global practices. We further emphasized on environmental compliance integrated into our daily operations.

Our company maintains strict adherence to international standards including ISO-9001, ASTM, EN, CE, and UL, with rigorous quality controls across every stage—from raw material selection to drawing, annealing, and coating—along with continued investment in advanced testing infrastructure and certifications to meet critical performance requirements for demanding applications.

Our workforce and leadership development is driven by structured employee development through training programs and a layered organizational approach that fosters skill development and innovation. Under the strategic leadership of the DP family, our company remains committed to quality, operational excellence, and long-term growth.

All these efforts have earned DP Wires notable industry recognition, such as the ’Certificate of Recognition’ from V-WIRRO Wire Rods in 2023 and the ‘Most Trusted & Valuable Supply’ award from HGIEL in 2022.

So, all in all, our company, DP Wires is actively upgrading its plant, expanding its product range, and embracing sustainable and high-tech manufacturing, to reinforce its leadership position in the steel wire industry.

WCI: What are the challenges faced by the Indian steel wire industry? How do you see the industry overcoming these challenges?

AK: Some of the challenges faced by the Indian steel wire industry are raw material price volatility; import competition; infrastructure bottlenecks like logistics, transportation delays, and high energy costs; technological gaps; skilled labor shortage; regulatory and compliance burden- navigating environmental and safety regulations requires time, cost, and continuous adaptation.

The steel wire manufacturers are actively investing in automation and advanced quality systems to minimize reliance on manual labor and consistently achieve global production standards. They are scaling up their capacity to enhance cost efficiency and to meet the rising demand driven by infrastructure growth. They are focusing on exports to diversify risks and capitalize on higher-margin markets abroad. At the same time, the manufacturers continue to strengthen local sourcing and advocate for government policies that support Indian steel products. Finally, the companies are also building robust in-house R&D capabilities and comprehensive training programs to bridge skill and technology gaps.

WCI: Can you tell us about your global presence and key export markets for steel products? Which industries do your products cater to?

AK: Since moving to the main NSE board around 2020, DP Wires has actively expanded into export markets including Bangladesh, the USA, and Europe. Our strategically located Ratlam plant, with robust logistical connectivity, enables efficient dispatch across domestic and international routes.

We offer a diverse range of steel wire products—such as LRPC strands, induction tempered wires, spring steel wires, and geomembrane sheets—to critical sectors including infrastructure, nuclear and power, automotive, energy and telecom, oil and gas, environment, and civil engineering.

WCI: What are your future growth plans or investments aimed at strengthening your market position in the steel wire segment?

AK: We are adopting a multi-faceted growth approach such as scaling capacity, widening geographic reach, banking on innovation, and emphasizing sustainable operations—all while safeguarding earnings through diversified verticals and policy tailwinds in India’s infrastructure sector. Our firm’s strong financials (low debt, rising cash accruals) and consistent quality certifications (ISO 9001) further reinforce our ability to execute these plans with resilience.

Also Read: Rajratan Global Wire Accelerates Growth with New Facility, Product Diversification

WCI: How do you see the Budget for FY2025-26 impacting the steel wire industry, and what opportunities do you think it offers for the sector? How is the Government supporting the growth of this sector?

AK: From a global perspective, the steel wire market is projected to grow ~4.7% in FY 2025-26, driven largely by construction, urbanization, and government infrastructure spending. For domestic manufacturers like us, this growth outlook is encouraging, as higher infrastructure outlays are likely to drive up demand volumes.

With the continued push towards ‘Make-in-India’, steel wire manufacturers, like us, may gain lower duties and easy access to raw materials, along with incentives aimed at reducing reliance on imported wires. These schemes benefit the domestic manufacturing ecosystem and enhance the company’s competitive position.

The budget’s channel focus on roads, railways, metro lines, and smart city projects, consistently generates strong demand for steel wire products, creating benefits for the wire manufacturers. Additionally, government schemes such as the Production Linked Incentive (PLI) for specialty steel, along with MSME empowerment initiatives, further help to remove operational barriers for smaller players and indirectly benefit large suppliers through a strengthened ecosystem.

The government’s emphasis on decarbonization and green manufacturing also provide companies’ access to subsidies and technology grants which lower energy intensity and reduce the costs of steel wires. Improvements in land acquisition, regulatory clearances, and logistics upgrades further reduce turnaround times for production units, enabling faster market delivery for wire manufacturers.

While our company has not yet issued a public statement on Budget 2025-26, the overall outlook for the steel wire sector looks majorly positive. Increased demands driven by infrastructure and energy projects, an investment-friendly climate supported by capital allocation and policy reforms, export opportunities reinforced by cost competitiveness and government incentives, and an emphasis on sustainability, all create a strong foundation for growth in the steel wire segment.

For DP Wires, such an environment, opens up opportunities for capacity expansion, portfolio diversification and competitiveness in global tender, thereby enhancing our position in the steel wire segment.