Power cable manufacturing plant inaugurated
LS Cable and System India (LSCI), a wholly-owned subsidiary of $7.67 billion LS Cable & System (LSC&S), a global leader in cable and system solutions, announced the completion of one of India’s largest power cable manufacturing plants at Bawal in Haryana. The plant spread over 215,000 sq ft built at an investment of Rs 180 crore, will have the capacity to produce Rs 1,000 crore worth of power cables up to 220 kV and optic ground wire and Rs 500 crore worth of communication cables.
Jong-ho Son, President, LSC&S said, “India is among the top five energy consuming nations in the world accounting for 3.7 per cent of the world’s entire energy consumption and the country is investing heavily in energy projects across states. That makes it a key strategic market of focus for LSC&S which is known for its offering in this vertical globally.” LS Cable and System India (LSCI), a wholly-owned subsidiary of LSC&S, was established in 2008 with an initial focus on manufacturing coaxial cables and RF antennas in India. LS Cable and System already has years of experience in the construction of ultra-high voltage subterranean lines in New Delhi and Bangalore since 1997.