Finolex Cables Targets ₹750 Crore Communication Cables Revenue by FY28

Finolex Cables Ltd is aiming to significantly strengthen its position in India’s communication and telecom infrastructure sector by targeting annual revenue of ₹700-750 crore from its communication cables business by FY28. The company currently generates around ₹500 crore from the segment and expects the next phase of growth to be driven by capacity expansion and backward integration initiatives.

According to the company, a major contributor to this growth strategy is the expansion of its optical fibre manufacturing capabilities. Finolex has doubled its fibre draw capacity from four million fibre kilometres to eight million fibre kilometres, enabling it to cater to the rising demand for high-speed data connectivity, broadband networks, and telecom infrastructure projects across India.

In addition to expanding fibre production, the company has commissioned a backward-integrated glass manufacturing facility. The plant is capable of supporting production equivalent to four million fibre kilometres, providing Finolex with greater control over its supply chain while improving operational efficiency and reducing dependence on external suppliers.

The expansion comes at a time when India is witnessing increased investments in digital infrastructure, 5G deployment, data centres, fibre-to-home networks, and smart city projects. These developments are expected to create sustained demand for optical fibre and communication cable products over the coming years.

Beyond its communication cables business, Finolex is also focusing on scaling its fast-moving electrical goods (FMEG) segment. The company plans to increase revenue from this division from approximately ₹270 crore to ₹400 crore in the coming years.

Supported by cash reserves of more than ₹2,500 crore and a planned capital expenditure of ₹300 crore, Finolex Cables is also evaluating acquisition opportunities to accelerate growth and strengthen its market presence.

Industry observers believe the company’s investments in manufacturing capacity, technology, and supply chain integration position it well to benefit from India’s expanding telecom and digital infrastructure ecosystem. As connectivity demand continues to grow, Finolex Cables is expected to play an increasingly important role in supporting the country’s communication network expansion.