Paramount Communications invests ₹250 crore in new MP cable plant. Targets $100M US exports & ₹5,000 crore revenue by 2030. Production starts 2026.
Project Highlights
🏭 New Facility Location: Narmadapuram Industrial State, MP
📌 Land Acquired: 31 acres (allotted by MPIDC)
💰 Investment: ₹250 crore (excluding land cost)
⚡ Production Focus: DC & AC cables
📅 Operational Target: Commercial production by December 2026
Strategic Expansion Drivers
1. Boosting Domestic & Export Capacity
- New plant to support 30% revenue CAGR (Target: ₹5,000 crore by FY30)
- Strengthens US exports (Current: $43M in CY2024 | 36% YoY growth)
- Aims for 40% revenue share from US market
2. Capitalizing on US Trade Policy Shifts
- Trump’s 25% tariff on Mexico/Canada imports creates opportunity
- Competitive edge in aluminum-based cables (US imports 50% aluminum from Canada)
- Potential to displace North American suppliers in US market
3. Enhancing Product Portfolio
- Expands production of:
- Railway cables
- High/low voltage power cables
- Fire survival & specialized cables
- Optical fiber & telecom cables
Manufacturing Footprint Expansion
| Existing Plants | Location | New Addition |
|---|---|---|
| Plant 1 | Khushkhera, Rajasthan | Narmadapuram, MP |
| Plant 2 | Dharuhera, Haryana | (Commissioning 2026) |
Economic Impact
👷 Employment Generation: Significant skilled jobs in MP
🏗️ Industrial Growth: Strengthens MP’s electronics manufacturing ecosystem
📈 Export Potential: Targets $100M+ US exports post-expansion
Leadership Insight
*”Our MP plant will be a game-changer for scaling production and leveraging US tariff advantages. We’re on track to become a ₹5,000 crore company by 2030.”*
– Paramount Communications Management
Market Opportunities
🔌 Power Sector: Rising demand for HV/LV cables in renewable projects
🚆 Railway Electrification: Indian Railways’ capex boost
📡 5G & Telecom: Fiber optic cable needs growing
Why This Matters?
🇮🇳 Make in India: Expands critical cable manufacturing capacity
🇺🇸 Export Boom: Leverages US trade policy shifts
⚡ Infrastructure Growth: Supports power/railway/5G expansion
Project details sourced from company filings. For investor updates, visit Paramount Communications’ investor relations. 🚀🔌
