India's wires and cables industry is positioned for significant expansion, with the sector contributing 40-45% of India's electrical industry and projected to grow from ₹90,000 crore in FY25 to ₹1,57,500 crore by FY30. According to reports from The Financial Express, this growth is driven by emerging sectors including data centres, electric vehicles, renewable energy, and defence manufacturing. The industry's transformation from traditional infrastructure-led growth to sunrise sectors is creating new demand cycles for high-voltage, fast-charging, fibre-optic, and structured cabling solutions.
India's data centre capacity is projected to experience substantial growth, rising from 1,337 MW in FY25 to 3,395 MW by FY30, representing an addition of 2,058 MW over five years. As reported by The Financial Express, this expansion translates into an estimated total EPC opportunity size of nearly ₹46,400 crore. The wires and cables sector, accounting for approximately 10% of total data centre costs, could capture around ₹4,600 crore or ₹927 crore annually from this opportunity.
R R Kabel has achieved its highest-ever annual revenue of ₹9,722 crore in FY26, with the Wires and Cables segment accounting for 90% of total revenue. According to The Financial Express, the company is executing a ₹1,200 crore CAPEX to manufacture Extra High Voltage (EHV) cables up to 220 KV by FY28. The company projects 16-18% year-over-year volume growth driven by scaling its B2B business, particularly targeting data centres which require massive over-cabling due to reliability requirements.
Polycab, the largest company in India's electrical industry by revenue, reported ₹28,884 crore consolidated revenue in FY26 with its Wires and Cables segment generating ₹25,179 crore. As reported by The Financial Express, the company holds a 30% market share in the organised wires and cables industry and has committed ₹6,000-8,000 crore CAPEX over five years to expand capacity. Polycab's management targets growing both segments at 1.5x to 2x the market growth rate and aims to raise dividend payout to over 30%.
KEI Industries reported ₹11,748 crore revenue in FY26 with 21% year-on-year growth in the wire and cable segment. According to The Financial Express, the company is investing in its Sanand plant expansion with the second phase expected to complete by Q4FY27. KEI anticipates 17-18% volume growth in FY27 and projects 20% growth in FY28 following the plant completion. The company is actively evaluating its portfolio to identify additional cable types for data centre projects, particularly in the American market.
