1 hr ago
Finolex Cables Targets 40–50% Growth in Andhra Pradesh
Finolex Cables makes electrical and communication cables.
It wants its business in Andhra Pradesh to grow by 40–50% this year.
The company earned more than Rs 300 crore there last year.
It has opened a larger warehouse to help store and deliver products.
In Vijayawada, it introduced two new CAT 6 cables and a fire alarm cable.
The company says its new products meet industry standards and support speeds up to 1,000 Mbps.
It also expects more demand from data centres, solar energy and digital infrastructure.
Finolex has more than 200 channel partners in Andhra Pradesh.
Finolex Cables aims to grow its Andhra Pradesh business by 40–50% this year.
The company reported more than Rs 300 crore in Andhra Pradesh revenue last year.
It opened a 20,000-square-foot warehouse, replacing a 6,000-square-foot facility.
New products launched in Vijayawada include two CAT 6 cables and a fire alarm cable.
Finolex cited data centres, renewable energy, digital connectivity and infrastructure projects as growth areas.
- Who
- Finolex Cables Limited, represented by President–Sales & Marketing Amit Mathur.
- What
- The company is expanding in Andhra Pradesh and targeting 40–50% growth there this year, while opening a larger warehouse and launching new cables.
- Where
- Andhra Pradesh, with the product launch in Vijayawada.
- When
- The growth target is for this year; the new products were launched on Wednesday.
- Why
- Finolex expects growth from data centres, renewable energy, digital connectivity and major infrastructure projects.
Company outlook
Other perspectives
Growth prospects
Company outlook
Finolex expects 40–50% growth in Andhra Pradesh and sees data centres, renewable energy, digital connectivity and infrastructure projects as important opportunities.
Other perspectives
The article provides no opposing assessment or independent forecast of the company’s growth target.
Key facts
- Andhra Pradesh growth target
- 40–50% this year
- Andhra Pradesh revenue last year
- More than Rs 300 crore
- FY25 company turnover
- About Rs 6,300 crore
- Southern market turnover
- Nearly Rs 2,300 crore
- New warehouse
- 20,000 sq ft, replacing an earlier 6,000 sq ft facility
- Channel partners
- More than 200 in Andhra Pradesh and around 500 across Andhra Pradesh and Telangana
- Retailer network
- More than 30,000 retailers
Sources
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