- Business
- Universal Cables Limited (UNIVCABLES.BO), established in 1962 and headquartered in Satna, Madhya Pradesh, India, manufactures and sells a comprehensive range of electrical cables, wires, conductors, capacitors and power quality solutions under the UNISTAR brand; its cable division produces low voltage, medium voltage and extra high voltage XLPE power cables up to 500 kV, PVC and rubber insulated power cables up to 11 kV, control and instrumentation cables up to 1.1 kV, aerial bunched cables, elastomeric cables for trailing and flexible applications, ACSR and AAAC conductors, winding wires and flat motor leads; the capacitor division offers low and high voltage all polypropylene capacitors from 415 VAC to 220 KVAC, automatic power factor correction panels, medium frequency water-cooled capacitors for induction furnaces, surge protective capacitors, tuned and detuned filter capacitors, DC capacitors, static VAR generators, active harmonic filters, along with services including harmonic analysis, power factor studies and turnkey EPC contracts for underground power transmission systems up to 500 kV involving design, manufacturing, laying, jointing and installation. The company, part of the M.P. Birla Group, operates manufacturing facilities in Satna, Madhya Pradesh, and Verna, Goa, serving power transmission utilities, industries and infrastructure projects primarily in India with exports to over 50 countries including South Africa, Ghana and Switzerland. In May 2024, Universal Cables approved an organic expansion plan with INR 2,770 million capex to augment production capacities at Satna and Verna for low voltage cables, medium/high voltage and extra high voltage cables, insulated winding wires, building wires, multicore flexible cables and PVC compounds; phase I of the low voltage cables, flexible wires and building wires expansion at Goa became operational in Q3 FY26, with phase II commissioning two new CCV lines at Satna for high-end HV/EHV cables targeted for mid-FY26; the company reported record H1 FY26 consolidated revenue of INR 1,414 crore and net profit of INR 81 crore, reflecting 26% and over 200% growth year-over-year, alongside strengthened EHV credentials through 400 kV cable supplies and ongoing turnkey orders, technical collaborations with Furukawa Electric Co. Ltd., Japan, and Viscas Corporation for VCV technology and jointing accessories, and recent senior management appointments including a CFO and Senior Vice President for sales and EHV operations.