Now Reading: Finolex Cables sees 40 to 50% growth in Andhra Pradesh, targets ₹500 crore turnover
-
01
Finolex Cables sees 40 to 50% growth in Andhra Pradesh, targets ₹500 crore turnover
Finolex Cables sees 40 to 50% growth in Andhra Pradesh, targets ₹500 crore turnover
Finolex Cables Limited expects to increase its turnover in Andhra Pradesh from nearly ₹300 crore in 2025 to ₹450 to 500 crore in FY2026-27, a growth of 40 to 50 per cent. The company sees a huge opportunity in the emerging data centre hub in Visakhapatnam district, according to President (Sales & Marketing) Amit Mathur.
The Hindu reports that Mathur said FCL could supply LAN and power cables to data centres, which require over 2,000 optic fibres in a single sheath compared to about 200 in conventional cables. The Hans India adds that the company recently inaugurated a 20,000 sq ft technology-enabled warehouse in Andhra Pradesh, replacing a 6,000 sq ft facility, and launched Fortiva CAT 6 LAN Cable and NexClear CAT 6 Surveillance Cable.
FCL is setting up a glass preform optical cable manufacturing unit with an investment of ₹500 crore for 360-degree backward integration in its fibre cable business. The company has rate contracts with big builders in Andhra Pradesh and is supplying cables in Amaravati.
Indian Opinion Analysis
Both The Hindu and The Hans India provide neutral, wire-service-style coverage of Finolex Cables’ expansion plans in Andhra Pradesh. The Hindu’s version is more detailed on the company’s raw material challenges, such as copper price escalation from $7,000 to $8,000 to roughly $15,000 per tonne, and the temporary closure of its Goa plant due to the Strait of Hormuz shutdown. The Hans India focuses on the new warehouse and product launches. Neither outlet adopts a government-critical or pro-government stance, the story is purely corporate. The uniform coverage suggests the company’s projections are being reported as stated, without independent verification or external commentary. The concrete next step is FCL’s expected achievement of its ₹450 to 500 crore turnover target by March 2027.
Coverage: 2 sources, 2 neutral
Sources (2): thehindu.com (neutral report), thehansindia.com (neutral report)
This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Methodology and corrections.
