Laser Power and Infra Ltd, a manufacturer of cables and conductors based in Kolkata, is preparing to submit its preliminary papers to the markets regulator SEBI this month. The company aims to raise between ₹1,200 crore and ₹1,500 crore through an initial public offering (IPO), according to sources familiar with the situation. This move could position the company with a valuation estimated between ₹5,500 crore and ₹6,500 crore.
Founded as a small engineering unit, LPIL has grown into a significant player in the EPC segment, specializing in the manufacturing and marketing of a wide array of wires, cables, conductors, and specialized transmission products for both domestic and international markets. It is also engaged in large-scale electrification projects.
Deepak Goel, the founder and promoter of LPIL, leads the company with over 30 years of experience in the cables and conductors industry. The company has accomplished notable projects such as electrifying more than 12,000 villages, commissioning 22,000 distribution transformers, renovating 99 substations, and laying over 50,000 circuit kilometers of overhead lines.
According to its website, LPIL supplies products to various state and central power distribution companies as well as private sector clients. Its clientele includes prominent entities like PGCIL, NTPC, and West Bengal State Electricity Distribution Co. Ltd. (WBSEDCL), along with private companies including Tata Power’s Odisha distribution firms, Tata Steel, and Jakson.
Additionally, LPIL is diversifying its operations into new sectors such as water distribution infrastructure and currently has more than 25 ongoing projects, with a consolidated order book exceeding ₹3,500 crore.
Financially, LPIL reported revenue from operations of ₹1,621.23 crore in FY24, reflecting a growth of 31.4% compared to ₹1,233.91 crore in FY23, according to an Acuite rating report.
An industry source indicated that LPIL’s expansion has been bolstered by backward integration into aluminum rod casting, polymer compounding, and in-house packaging capabilities. The company has also formed a partnership with US-based TS Conductor to introduce advanced conductor technology in India. With a manufacturing capacity of around 70,000 metric tonnes per annum, LPIL has opportunities for further growth.
Upon listing, LPIL will align with established peer companies in the sector, including Polycab India, KEI Industries, APAR Industries, R R Kabel, Finolex Cables, and Universal Cables, which have garnered significant investor interest amid India’s ongoing infrastructure and manufacturing development.
The broader cables and wires industry has shown steady growth. According to the red herring prospectus of JD Cables, which is currently undergoing a public offering, the Indian market was valued at $9.32 billion in 2024 and is projected to grow from $10.01 billion in 2025 to $17.08 billion by 2032.
Published on September 21, 2025.
