Finolex Cables Limited sees huge opportunity in emerging data centre hub in Vizag

Finolex Cables Limited anticipates significant growth potential in Visakhapatnam's emerging data center hub. The company's President of Sales and Marketing, Amit Mathur, addressed media in Vijayawada, highlighting the firm's readiness to capitalize on the increasing demand for subsea cables utilized by data centers. Finolex Cables currently contributes roughly 26% to its total 6,300 crore turnover in 2025-26, with South India accounting for approximately ₹2,300 crore.

The company aims to expand its revenue in Andhra Pradesh and Telangana to ₹450 crore - ₹500 crore in FY 2026-27. Mathur disclosed that Finolex Cables is in the process of acquiring more than 2,000 optic fibers per sheath, a requirement significantly higher than traditional cables containing only 200 fibers. The company is also poised to achieve 360-degree backward integration in its fiber cable business by constructing a glass preform optical cable manufacturing unit with a ₹500 crore investment.

Finolex Cables has largely sourced its raw materials, including copper, aluminum, and germanium tetrachloride, domestically, despite facing challenges such as a surge in copper prices from $7,000-$8,000 per tonne to $15,000 and supply issues due to the Strait of Hormuz closure. A dedicated team is being deployed to exploit the burgeoning opportunities in Visakhapatnam, where the company already supplies electrical, communication cables, and conduits to major builders.