Whalesbook
Jigar Cables Limited has started production of conductors at its new factory on March 30, 2026. The company expects to begin full-scale production of MVCC and HT cables within the next two to three months, following operational stabilization.
Production Update
The company announced on March 30, 2026, that it has begun commercial production of conductors at its new manufacturing unit. These conductors are a key material for Medium Voltage Control Cables (MVCC). Jigar Cables had previously planned to start this facility by December 31, 2025. Full production for MVCC and High Tension (HT) cables is now anticipated in the next two to three months, depending on how smoothly operations stabilize.
Strategic Importance
This step marks significant backward integration for Jigar Cables. By producing its own conductors, the company aims to gain better control over its supply chain and component costs for its MVCC and HT cable products. This expansion is important for strengthening its manufacturing capabilities and meeting market demand.
Expansion Details
Jigar Cables has been expanding its production capacity. In a meeting on December 31, 2025, the company's Board of Directors approved building a new factory in Gomta, Rajkot, Gujarat. This followed the purchase of an industrial property, including a factory building, measuring 17,705 sqm for approximately Rs. 5.80 crore. The acquisition was approved in August 2025 and completed in September 2025. The new unit is designed to produce 500 KM per month of MVCC, HT Cables, and Power and Control Cables (PCC).
Enhanced Capabilities
With the new facility, Jigar Cables can now produce its own conductors, a key material for its cable manufacturing. This new unit is set to boost the company's overall production capacity and strengthen its position in the MVCC and HT cable markets.
Potential Challenges
The company filing did not detail specific risks related to this operational update.
Industry Context
While Jigar Cables expands its conductor and cable production, major competitors like Polycab India and KEI Industries operate on a much larger scale, with market values in the tens of thousands of crores. Jigar Cables' move toward producing its own conductors could help it compete better on price and supply reliability within its market segment.
Financial Snapshot
The company reported revenue of ₹105 crore for the fiscal year ending March 31, 2025.
Looking Ahead
Investors will be watching for:
- The smooth stabilization of operations and the start of full MVCC and HT cable production within the next two to three months.
- The company's ability to meet market demand with its expanded product range.
- Updates on production ramp-up and capacity use at the new facility.