Indian power cable manufacturers have attained maturity in terms of technology for HV cable up to 220 kV and have been found competitive in the global scenario, despite having higher local costs, as well as local taxes and duties being paid on their products.
Some manufacturers have established a world class technology platform in EHV cables up to 400 kV, either through technical collaboration or through joint ventures. However, due to inappropriate policies of many utilities which promote import rather than investment in local industry, the country is still importing cables of even 66kV and above voltage grades. Further, accessories of higher voltages above 33 kV are also being imported in a big way, in the absence of technology in this segment. The domestic manufacturers must therefore explore the possibility of manufacturing these items to meet likely demand. There is a burning need for standardization of specifications across this segment, which would lead to improved efficiencies in this segment and also reliability and replaceability of products. With increasing focus on renewable, the industry is now looking forward to supply cables for solar and wind power applications in addition to oil and gas, railways and other specialized segments.
Major users of power cables are broadly classified into:
Power sector – central, state and private electricity utilities and
other Industry sectors like Petrochemicals, Mining, Steel, Non-ferrous, Ship building, Cement, Railway, Defense etc.
Many overseas cable companies are looking at India as a potential market for HV & EHV cables, hence overseas cable manufacturing giants have entered into the market through joint ventures with Indian cable manufacturers for manufacturing EHV cables and special types of cables and accessories.
Control and Special Purpose Cables
This segment comprises of control, instrumentation, panel, automobile wiring and other special purpose applications. Majority of these cables are manufactured in small sectors due to low capex and also technology required is low.
Building Wire & Cables
The building wiring cables segment comprises of the wires and cables required for wiring of residential and commercial buildings. This segment showed some amount of growth due to momentum in housing sector. The residential segment contributes to major portion of the demand, followed by shops and offices.
Optical fiber segment obviously shows better growth than Jelly Filled Telephone Cables (JFTC) segment, which continues to decline due to change in technology and the situation is not likely to improve.