Universal Cables Limited is accelerating its global growth trajectory with significant new export wins and steady progress on its large-scale capacity expansion projects, despite an increasingly strained global trade environment shaped by geopolitical tensions and protectionist economic policies.
The company has secured a landmark export order worth approximately USD 38 million from the Middle East for the supply of 400 kV Extra High Voltage (EHV) cables—a breakthrough achievement that marks the first such order won by an Indian cable manufacturer in this niche category. This development positions Universal Cables as a competitive global player in the high-specification EHV cable segment.
In addition, the company has emerged as the lowest bidder in a turnkey tender in Latin America for the supply and installation of 110 kV and 161 kV EHV cables, with a project value exceeding USD 25 million. The contract is expected to be finalised shortly. With these wins, the company anticipates substantial growth in its international business over the next two to three years as it penetrates newer geographies and strengthens its overseas order book.
Capacity Expansion Reaches Key Milestones
Universal Cables’ ongoing capacity expansion program—now estimated at ₹525 crore, revised upward from ₹505 crore—is progressing on schedule and has achieved major commissioning milestones.
- Out of the four planned Continuous Catenary Vulcanization (CCV) lines designed to enhance its Medium Voltage (MV) and High Voltage (HV) cable manufacturing capacity,
- Two CCV lines and associated process machinery were successfully commissioned in Q2 and are already operating at full capacity.
- The remaining two CCV lines are under installation and expected to be commissioned by the end of FY 2025–26 and Q1 FY 2026–27, respectively.
This expansion will significantly enhance production capability and support volume growth in the MV and HV segments.
- Construction of a new Low Voltage (LV) Cable Plant in Satna is progressing well and is slated for commissioning by December 2025. The facility is expected to drive substantial growth in the high-volume LV cable market.
- The capex project at the Goa plant, focused on the fast-growing building wire and LT cable segments, has been fully commissioned as of Q2 and will scale up to optimal capacity utilisation over time.
With robust export momentum, expanding global footprints, and transformative manufacturing upgrades underway, Universal Cables is positioned for significant operational and revenue growth in both domestic and international markets.