Growth in Indian Wire and Cable Industry- The Way Forward
The Indian wire & cable industry is experiencing strong growth, currently estimated at around USD 21 billion, with a CAGR of ~9% expected through 2030. The expansion is being fueled by multiple long-term drivers: massive power transmission and distribution upgrades, rising real estate and infrastructure projects, renewable energy installations (solar and wind), the rapid adoption of electric vehicles and charging infrastructure, and the exponential growth of data centers and telecom (5G and FTTH rollouts). These are structural growth factors rather than short-term trends, making the demand outlook of the wire and cable industry durable.
Primary Drivers of Wire and Cable Industry Expansion
The important demand drivers are power and T&D (grid strengthening and smart metering), buildings & construction (housing, commercial spaces, and fire-safety-driven cable upgrades), renewable energy (solar, wind, and storage systems), electric vehicles and charging infrastructure (high-current carrying cables and control wiring), railways and metro projects, and telecom & data centers, where demand for high-speed connectivity and fiber is rising.
Watch: Top Cable Companies in India
Major Trends in Terms of Technology, Product Mix, and Supply Chain
We are seeing a strong move towards Halogen-Free Flame Retardant (HFFR) compounds, which are safer and mandated for multiple public infrastructure projects. Higher-voltage XLPE and EHV cable compounds are gaining traction as grids and industries demand higher efficiency and reliability. MVCC compounds are also in good demand.
EV and renewable energy projects are shaping demand for specialty cables that can handle high voltages and harsher conditions. On the supply side, companies are diversifying their sourcing strategies, and strengthening local manufacturing and R&D, to reduce import dependence.
Impact of New Entrants in the Industry
The entry of new players has certainly increased price competition, especially in commodity cable categories. However, it has also expanded the market and accelerated the shift towards higher-value, specification-driven products. This pushes established compounders and cable makers to innovate faster, focus on higher safety standards, and co-develop specialized solutions with OEMs and utilities. Overall, competition is fostering innovation and improving quality across the board.
Crucial Financial Information, Important Events, and Advancements
In FY25, Ddev Plastiks achieved record performance with revenue of INR 2,603 crore, EBITDA of INR 287 crore (11% margin), and PAT of INR 185 crore. We achieved our highest-ever quarterly volume of 51,000 MT. We also marked a key milestone with our NSE listing in January 2025. On the product side, we expanded our high-voltage PE-based cable compound portfolio, scaled HFFR production, and secured NTPC approval for 3.3 kV insulation compounds. We have secured UL-44 certification for our compound.
Significant Expansions, Investments, and Capacity Enhancements
We have lined up INR 110 crore of capex for FY26. Key investments include expanding HFFR capacity to 20,000 MTPA by FY27, advancing XLPE compounds to 132 kV and beyond, and entering direct export markets in the Americas. This builds on the INR 55 crore that we have invested in FY25 to debottleneck and modernize facilities.
Future Readiness to Compete in the Evolving Market
We are investing immensely on R&D-driven, differentiation, particularly in XLPE, HFFR, and semi-conductive compounds. We are strengthening our portfolio of utility and EPC approvals, investing in world-class testing facilities, and expanding our capacity across five plants to stay close to customers. Operational excellence and financial discipline remain key pillars, ensuring sustainable margins and resilience in a competitive landscape.
B2B Exhibitions Fueling Industry Growth
B2B exhibitions play a vital role in accelerating industry growth. They create a common platform for technology benchmarking, supplier and buyer interactions, and discussions around evolving standards such as fire safety. These fairs help compress the customer qualification cycle, open up export opportunities, and encourage MSME and OEM collaborations.
Past Participation Experience in Cable & Wire Fair
Our past participation in Cable & Wire Fair has resulted in strong lead generation, faster customer evaluations through live demos, and partnership opportunities with both domestic and international buyers. The exhibition also serves as an important knowledge-sharing platform, enabling us to keep track of the latest machinery, testing, and material developments.
Expectations from Cable & Wire Fair 2025
We expect Cable & Wire Fair 2025 to draw a strong mix of industry players across power, renewables, building wires, metro & rail, and telecom sectors. At our booth, visitors can expect to see our latest XLPE, EHV and HFFR compound families, application-focused displays covering power, EV, solar, and metro segments, as well as live technical consultations and approval showcases. We are excited to engage with partners from India and abroad at the event. We would love to see more overseas footfalls this year.
Visit Stand: Hall 5/ E5 at Cable & Wire Fair 2025, New Delhi
