APAR Industries announces 3x expansion in CTC capacity by FY26

Team FS

    18/Nov/2024

  • APAR Industries to expand CTC production capacity to 20,490 MT by FY26.
  • Investment of ₹72.55 crore to meet surging power transmission demand.
  • Expansion aligns with India's National Electricity Plan and global market growth.
  • APAR Industries Limited, a global leader in conductor manufacturing, announced plans to significantly enhance its Continuous Transposed Conductor (CTC) production capacity. The company aims to achieve a total annual capacity of 20,490 MT by Q3 FY26, tripling its current levels.

    The proposed expansion comes in response to the increasing demand for transmission infrastructure, fueled by India's National Electricity Plan (NEP) and global energy transition initiatives.

    Key Investment Details

    • Current Capacity: 7,350 MT per annum
    • Proposed Addition: 7,980 MT per annum
    • Expected Capacity Post Expansion: 20,490 MT per annum
    • Investment Required: ₹72.55 crore
    • Mode of Financing: Internal accruals and debt
    • Timeline: Capacity to be added gradually until Q3 FY26

    This strategic move reflects APAR's commitment to strengthening its market presence in the power transmission segment, both in India and globally.


    Demand Drivers

    The expansion aligns with the National Electricity Plan (October 2024), which outlines:

    • 1,91,474 ckm of transmission line additions (from 4,56,716 ckm to 6,48,190 ckm).
    • 12,74,185 MVA increase in transformation capacity for voltage levels of 220 kV and above (from 10,70,950 MVA to 23,45,135 MVA).

    This ambitious plan underscores the growing need for advanced conductors and related equipment, driven by:

    • Increased government prioritization of power infrastructure.
    • Rising investments in renewable energy transmission.
    • Expanding global demand for efficient power solutions.

    APAR’s Growth Strategy

    APAR Industries plans to leverage its market leadership in the transformer oil segment to further expand its footprint in the CTC business.

    • Synergies between transformer oil and CTC customer bases are expected to bolster market penetration.
    • The expanded capacity will cater to domestic and international markets, reinforcing APAR’s reputation as a global leader in the conductor industry.

    According to Manish Agrawal, CEO of the Conductor and Telecom Division, the proposed expansion is a significant step in aligning with India's infrastructure goals and APAR's strategic vision.


    About APAR Industries

    Founded in 1958, APAR Industries Limited is a diversified $2 billion conglomerate operating in over 140 countries. The company holds leadership positions in:

    • Conductor Manufacturing: World's largest aluminum and alloy conductor producer.
    • Transformer Oils: Third-largest manufacturer globally.
    • Renewable Cables: India’s largest manufacturer.

    With a diverse portfolio spanning specialty oils, cables, polymers, and automotive solutions, APAR has consistently set benchmarks in innovation and quality.


    Conclusion

    APAR’s investment of ₹72.55 crore into expanding its CTC production capacity underscores its commitment to supporting India’s power transmission goals and catering to rising global energy demands. This initiative is poised to strengthen APAR’s market leadership and drive sustainable growth in the evolving energy sector.

    Stay updated with APAR Industries' developments through their website and social media channels.

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