Growth in Indian Wire and Cable Industry- The Way Forward
Copper lies at the heart of India’s growth story. It is indispensable for power, infrastructure, mobility, and digital connectivity. Currently India’s per capita refined copper consumption is only 0.5 kg which is significantly lower than the global average of 3.2 kg. India today consumes over 1.5 million tonnes per year, and this is expected to grow rapidly, crossing 2.5 million tonnes by 2030. This surge reflects not just rising consumption, but the scale and ambition of India’s development journey.
The wire and cable industry, which is the largest consumer of copper, truly embodies this momentum. Over recent years, we have observed consistent double-digit growth in the wire and cable industry. This growth is driven by expansion of India’s grid & renewable energy, surge in building and construction segment, growth in data centres and various government initiatives such as Saubhagya 2.0 (rural electrification), PM Gati Shakti scheme, etc.
The demand is being fuelled by four transformative forces: electrification, urbanisation, digitisation, and infrastructure modernisation. Initiatives in affordable housing, renewable energy, railways, and the digital economy are creating a durable foundation for the sector. While short-term growth may moderate, the direction is clear: consistency and structural demand will define expansion, making wires and cables a durable pillar of India’s copper story.
Watch: Top Cable Companies in India
Primary Drivers of Wire and Cable Industry Expansion
We see multiple forces driving the growth of copper demand across India’s economy. Building and construction remains a key contributor, supported by rapid urbanisation, smart city initiatives, and an aspirational population that is increasing demand for household electrification and white goods, raising overall copper intensity. Power and energy infrastructure are expanding rapidly, driven by grid modernisation, transmission upgrades, and India’s renewable energy ambitions. At the same time, transport and mobility developments—including railway electrification, metro networks, high-speed rail, and the EV ecosystem—are creating significant copper requirements. Rising needs from data centres, industrial automation, and other technology-driven sectors add further layers of structural consumption. Together, these forces are driving a sustained increase in copper intensity across the economy, placing Hindalco Copper Business at the centre of this broader growth trajectory.
Impact of New Entrants in the Industry
The emergence of new competitors is an encouraging development that contributes to the growth and maturity of India’s copper industry. It fosters competition, which will raise the bar on innovation, quality, and customer service for the sector.
Upstream investments in domestic smelting are reinforcing supply security and localisation, reducing dependence on imports. In the short term, this may increase competitive intensity and margin pressures. Over the medium to long term, it improves lead times, strengthens supply security, and raises industry standards. Hindalco Copper Business is also expanding to meet this growing demand, ensuring India’s copper sector can keep pace with a USD 5 trillion economy while offering superior products and greater choice to consumers.
Crucial Financial Information, Important Events, and Advancements
Hindalco Copper Business delivered a record-breaking performance in FY ‘25 across its copper value streams, driven by operational resilience, cost discipline, and market leadership. Hindalco’s copper business reported a revenue of INR 54,703 crore, up 11% year-on-year, and EBITDA of INR 3,025 crore, up 16% over the previous year. Hindalco Copper Business continues to invest strategically in segments critical to India’s growing copper demand.
Significant Expansions, Investments, and Capacity Enhancements
Hindalco is the world’s second largest copper rod producer and the largest in India. Our copper business is undertaking a major expansion program, including a 300 KT copper smelter and a 300 KT CCR expansion, which will significantly boost production further and enhance supply security for downstream industries.
In parallel, we are investing in future-ready and sustainable solutions. An advanced HVAC facility is already operational with a 25 KTPA capacity for high-precision copper grooved tubes designed for air conditioning and refrigeration applications. Hindalco Copper Business is the first mover in India for copper scrap and e-scrap recycling. A 50 KTPA copper and e-waste recycling plant is being established to enhance circularity in the value chain. Hindalco’s proposed recycling plant is capable of recycling 3 million cell phones’ worth of Printed Circuit Boards (PCB) annually and enables recovery of high-value metals like gold, silver, platinum, and palladium while playing a pivotal role in formalising India’s unorganised e-waste sector and subsequently advancing circular economy objectives.
Further downstream investments are planned to broaden the portfolio, enabling emerging industries to access sustainable, import-substitute solutions. Together, these initiatives demonstrate a dual focus: meeting India’s immediate copper demand and reducing India’s dependence on imports while positioning Hindalco’s Copper Business at the core of the global energy transition.
Future Readiness to Compete in the Evolving Market
We are focusing on three pillars: scale, sustainability, and customer-centric innovation. Capacity expansions ensure reliable supply for India’s growing copper needs, while investments in recycling and circularity reinforce Hindalco’s first-mover advantage in copper scrap and e-scrap solutions.
Simultaneously, the business is developing value-added products and tailored solutions for future-ready sectors such as EVs, renewables, high-voltage infrastructure, and advanced manufacturing. By combining operational scale, sustainable practices, and innovation-driven engagement, Hindalco Copper Business is well-positioned to stay ahead of the curve and lead India’s copper sector into the next phase of growth.
Past Participation Experience in Cable & Wire Fair
Participation in the Cable & Wire Fair has consistently proven to be highly valuable. The platform brings together the entire wire and cable ecosystem, including key customers, partners, and potential collaborators, enabling Hindalco Copper Business to showcase the latest value-added solutions and engage in meaningful discussions about evolving requirements.
The fair strengthens existing relationships through an informal yet focused environment, opens doors for new partnerships across the value chain, and provides first-hand insights into emerging industry trends such as the energy transition, advanced cabling solutions, and sustainability.
Expectations from Cable & Wire Fair 2025
From Cable & Wire Fair 2025, we aim to engage with the full wire and cable ecosystem, exchange insights on emerging trends, and strengthen partnerships with customers and stakeholders.
At our booth, visitors can explore Hindalco Copper Business’ latest portfolio of value-added copper products, including solutions for the wire and cable industry, HVAC applications, and more. We will also highlight our sustainability journey, showcasing leadership in copper scrap and e-scrap recycling.
Visit Stand: Hall 5/ B3 (B) at Cable & Wire Fair 2025, New Delhi
