Transformers and Rectifiers (India) Limited (TARIL), a manufacturer of transformers and reactors, has entered the nuclear power sector after securing a new order from Megha Engineering and Infrastructure Limited (MEIL).

The order falls under TARIL’s ‘Large’ order category, which includes orders valued between Rs. 100 crore and Rs. 500 crore.

Work Scope of TARIL’s New Nuclear Power Order

The order involves supplying generator transformers for Nuclear Power Corporation of India Limited’s (NPCIL) Kaiga Units 5 and 6 nuclear power project in Karnataka. These two units will comprise indigenous 700 MWe (Megawatt-Electrical) Pressurised Heavy Water Reactors (PHWRs) being developed by NPCIL.

Commenting on the order, Mr. Satyen Mamtora, Managing Director & CEO of Transformers and Rectifiers (India), said, “This order is also a strong validation of the trust placed in TARIL’s technology, engineering capabilities and ability to deliver equipment for highly critical power applications. As India advances towards its vision of Viksit Bharat 2047, strengthening indigenous capabilities and building a resilient and self-reliant energy ecosystem will be critical”.

The company is expected to execute this order within a period of 35 months. TARIL mentioned in its stock exchange filing that its entry into the nuclear power sector will enable the company to leverage its expertise in transformer manufacturing to support the growing requirements of power generation and transmission infrastructure.

Details of the Kaiga Nuclear Power Project

The Kaiga Generating Station is an operational nuclear power plant located in the Uttara Kannada district of Karnataka. In April 2025, Megha Engineering & Infrastructures Limited (MEIL) secured a contract from Nuclear Power Corporation of India Limited (NPCIL) for the construction of two nuclear power units at the Kaiga Atomic Power Station. Valued at approximately Rs. 12,800 crore, the project marked MEIL’s entry into India’s nuclear power sector.

Under the project, MEIL will be responsible for constructing two 700 MW nuclear reactors at Kaiga Units 5 and 6. The two reactors will collectively add 1,400 MW of nuclear power generation capacity to the Kaiga site.

Significance of TARIL’s Entry into the Nuclear Power Sector

The supply of critical transformer equipment for nuclear power projects has largely been handled by a limited number of established players, including Bharat Heavy Electricals Limited (BHEL). TARIL’s entry into this segment allows the company to become part of India’s growing nuclear power equipment supply chain.

India is currently expanding its nuclear power capacity, with several projects based on indigenous 700 MWe Pressurised Heavy Water Reactors (PHWRs) planned across the country. The Kaiga Units 5 and 6 order gives TARIL its first reference in the nuclear power sector and could help the company qualify for transformer orders in other upcoming nuclear projects.

Sterlite’s management said that this investment will increase the company’s preform fiber and OFC capacities by 50%, on top of the existing baseline. The expansion will be funded through internal accruals and/or debt.

This expansion is expected to be carried out by the end of FY29.

Sterlite cited growing demand for OFCs and connectivity business as the reason behind this decision. During the earnings call, Mr. Ajay Jhanjhari, Group Chief Financial Officer, Sterlite Technologies, said, “This investment will strengthen the foundation of our business, while giving STL the capacity to participate in the next wave of optical demand across telecom, AI data centers, and DCI.”

Aditya Birla Group (ABG) has announced the launch of its wires and cables business, namely Ultravolt, on 3rd September 2026 under Ultratech Cement Limited. Rollout of this business segment comes prior to the planned December 2026.

Following this announcement, major Indian cable manufacturers have suffered a drop in their share prices. Previously, in February 2025, a similar drop in stock market was triggered after Ultratech Cement announced its entry into the wires and cables industry.

Cable Majors’ Equities Face Multi-Day Selloff

The launch announcement caused a multi-day selloff for cable majors, including Dynamic Cables Limited, KEI Industries Limited, RR Kabel Limited, Havells India Limited, Polycab India Limited, and Finolex Cables Limited. This fall in share price was reflected on the next trading day, Friday, 4th September, and persisted on Monday, 7th September.

Share Price (in Rs.)

Comparing the mentioned companies’ share prices on 3rd September with 7th September, we observe that Dynamic Cables suffered the most, with its stock plummeting by 15.29%. Further, KEI and RR Kabel also saw a similar drop in shares of 11.70% and 8.81%, respectively. Share price of Polycab declined by 6.20%, whereas Havells saw a decrease of 4.17%.

Finolex Cables share price went down by 3.61%; however, contrary to the other companies, its share increased slightly by 2.23% on 7th September as compared to 4th September.

Advantage of Hindalco and Ultratech’s Supply Chain

As Hindalco Industries Limited is owned by Aditya Birla Group (ABG), Ultratech gains access to Copper and Aluminium, which account for approximately 70% of cable and wire production costs.

Moreover, addition of Ultravolt business segment will complement Ultratech Cement’s existing construction value chain. This will enable Ultratech Cement to achieve its core goal of transitioning from a cement commodity player into a one-stop building solutions provider.

“We are venturing at pan-India scale… Our plan is to reach more than one lakh retailers and further activate availability through over 5,000 UltraTech Building Solutions (UBS) outlets”, said Mr Dilip Gaur, Director, Ultravolt.

Manufacturing Scale & Portfolio Expansion into Electrical Accessories

Backed by an investment of Rs. 1,800 crore, Ultratech Cement’s new manufacturing facility in Jhagadia, Gujarat commenced commercial manufacturing on 1st September 2026. As per the company’s previous commitment, this facility will manufacture 30 to 40 lakh Km of wires and cables. In its press release, Aditya Birla Group mentioned that this facility will leverage its location in Gujarat to facilitate efficient distribution and logistics operations.

Also, Mr Sriram Rangarajan, Chief Executive Officer (CEO), Ultravolt, said that with a consumer-first approach, the company is launching a portfolio of home wires, flexible wires, and cables designed for residential, commercial, industrial, and infrastructure applications. He added that, in future, the company intends to increase its range by including electrical accessories in its product mix.

Emphasizing the importance of this launch, Mr Kumar Mangalam Birla, Chairman, Aditya Birla Group, said, “Wires and cables are becoming central to India’s next phase of development. They sit at the intersection of three mega trends in the Indian economy – urbanization, electrification and digitization.”

POWERGEN India Expo 2026 was held from 1st September to 3rd September 2026 at Yashobhoomi India International Convention and Expo Centre (IICC), Dwarka, New Delhi. The companies at the expo showcased their products, technologies and upcoming plans across the power generation and Renewable Energy (RE) sectors.

The event was co-located with Bharat Electricity and Indian Utility Week. It was jointly organised by ITEN Media Private Limited, Energy and Climate Initiatives Society (ENCIS) and Clarion Energy Limited.

POWERGEN India Expo 2026 was inaugurated by Mr Bhupinder Singh Bhalla, Former Secretary, Ministry of New and Renewable Energy; Mr P.K. Pujari, Former Power Secretary and Former Chairman of the Central Electricity Regulatory Commission (CERC); and Mr Narendra Bhooshan, Additional Chief Secretary for Energy.

POWERGEN Brought Power Generation, Electrical and RE Companies Together

The three-day event reflected the investment and developments taking place across India’s power generation and renewable energy sectors. This latest edition of the expo brought together more than 15,000 industry professionals, over 250 exhibitors and above 150 expert speakers from over 50 countries.

Among the prominent exhibitors were Green Power International Private Limited, CapGen Nergy Pvt. Ltd., Coal India Limited and Gautam Solar Private Limited. The exhibition featured a wide range of products and technologies, including diesel generators, electrical panels, microturbines and solar panel cleaning systems.

Diesel Generators and Push for Cleaner Power Generation

Green Power International Launches Series of Diesel Generators

One of the notable product launches at the expo came from Green Power International, which introduced a new range of diesel generators in partnership with FG Wilson, a generator manufacturer based in Northern Ireland, UK. These generators serve as a reliable backup power source, ensuring uninterrupted workflow and safeguarding businesses against electrical failures.

Speaking with CableCommunity, Mr Shivam Tyagi, Sales Executive at Green Power International, said that the generators are manufactured by FG Wilson, while Green Power International acts as the distributor in India.

The newly launched range, called the FBA Series, has capacities ranging from 40 KVA to 250 KVA. This series is listed on FG Wilson’s site under the ‘India Range’ category for diesel generators. Beyond diesel generator distribution, Green Power’s expertise includes providing EPC services for power plants and offers Compressed Biogas (CBG) setups designed to convert different types of organic waste into Bio-CNG.

Technology to Control Emissions from Diesel Generators

The exhibition also highlighted technologies targeted at reducing the environmental impact associated with diesel generators’ operation.

Automoto Genset Solutions LLP showcased its Retrofit Emission Control Devices (RECDs), which are designed to reduce particulate emissions* from diesel generators. The device is fitted directly to the exhaust pipe of a diesel generator and works as a filtration system to capture particulate matter, including PM2.5 and PM10.

*Particulate emissions refer to microscopic solid or liquid particles suspended in the air, primarily generated by combustion processes, industrial activities, and natural dust.

According to the company, the device can capture up to 99% of particulate matter before it is released into the atmosphere. Mr Nitesh Tiwari, Marketing Operations & Growth Specialist at Automoto Genset Solutions, told team CableCommunity that the RECDs are manufactured at the company’s plant in Samaypur Badli.

Companies Expanding into New Products at POWERGEN

At the expo, Vertex Power Controls Private Limited showcased its newly launched power quality analyzer. The company’s representative told CableCommunity that Vertex Power Controls is a channel partner of Siemens and that the new product has been launched specifically for Siemens.

The representative said the power quality analyzer is a power damage protection system used in HT and LT panels. The company will soon begin supplying the product to Siemens.

Further, the company’s existing portfolio includes Medium Voltage (MV) and Low Voltage (LV) panels, along with instrumentation panels. Vertex Power Controls also provides EPC services for substations.

Tejshri Renewable Solutions Pvt. Ltd., part of The Nandan Group and a manufacturer of electrical panels, showcased its existing product range at the exhibition while also sharing plans for a new product category. The company currently manufactures Low Voltage (LV) power panels and solar electrical panels at its manufacturing facility in Greater Noida.

According to the company’s representative, Tejshri is also planning to enter the High Tension (HT) panel segment. These panels are centralized electrical control enclosures designed to safely distribute, monitor, and interrupt high-voltage power. However, the company has not yet disclosed a timeline for launching the new HT panel range.

Microturbines and Robotic Cleaning Technology Presented at POWERGEN

CapGen Nergy’s 65 KW Microturbine Technology

CapGen Nergy showcased Capstone Green Energy’s gas-powered microturbine technology at the expo as its distributor in India. Capstone Green Energy Corporation is a California-based gas turbine manufacturer that specializes in microturbine power. CapGen Nergy showcased the 65 KW microturbine at the expo.

The features of this microturbine technology include patented air-bearing technology, remote monitoring, high power density, and advanced combustion controls. Capstone Green Energy manufactures microturbines with various power output capacities, including 65 KW, 200 KW, 600 KW, 800 KW, and 1,000 KW.

According to Mr Ganesh R. Kemdare, Service Engineer at CapGen said that this technology is supplied mainly to oil and gas companies, including ONGC. Mr Kemdare said that the company offers commercial, industrial and utility-scale microturbine solutions, with capacities depending on customer requirements. He further added that these microturbines are more expensive compared with diesel ones. Interestingly, the compact size of the technology also attracted attention at the exhibition, with the company displaying the microturbine within a relatively small space at its stall.

KiNergY Renewables showcases Robotic Solar Panel Cleaning Systems

Another technology that stood out at the exhibition was a robotic solar panel cleaning system showcased by KiNergY Renewables Pvt. Limited. According to the company, its cleaning technology can help increase solar power generation by up to 15%, while its water-saving capability can save up to 12 million litres of water per MW.

KiNergY Renewables manufactures several types of solar cleaning systems, including an Automatic Waterless Cleaning Robot, Lift and Shift Dry Cleaning Robot, and Water-Based Robot. This technology addresses one of the practical challenges associated with large-scale solar installations, where dust and dirt accumulation on panels can affect their performance and regular cleaning can require significant amounts of water.

New Manufacturing Plans and Product Developments Shared at POWERGEN 2026

The exhibition was not limited to product showcases. Several companies also shared details of their upcoming manufacturing plants and expansion plans during conversations with the team of CableCommunity.

Gautam Solar’s Rs. 4,000 Cr. Solar Manufacturing Facility to Come up in MP

Gautam Solar, a module manufacturing company, is planning a major manufacturing expansion in Madhya Pradesh. Speaking with CableCommunity, Mr Salman Gazi, Technical Marketing Executive at Gautam Solar, said the company is investing Rs. 4,000 crore to develop a new 5 GW solar manufacturing facility at the Malanpur Industrial Area near Gwalior.

The plant is being developed in phases, with the first phase focused on establishing a 2 GW solar cell manufacturing facility. Once the first phase is completed, the company plans to launch its Initial Public Offering (IPO) to fund the development of a 3 GW ingot and wafer manufacturing facility at the complex.

Gautam Solar already has a 5 GW module manufacturing facility in Bhiwani, Haryana. The company also operates a manufacturing facility in Haridwar, where it produces various products including solar panels, solar batteries and mounting structures.

National Switchgears & G Sons Power Transformers Announce Investments

The exhibition also brought updates from the transformer manufacturing segment. National Switchgears, a manufacturer and exporter of neutral grounding resistors, load banks, and switch disconnectors, is planning to establish a new manufacturing plant in Chennai.

Mr R. Prakash Babu, Assistant Manager at National Switchgears, told CableCommunity that the upcoming facility will mark the company’s entry into transformer manufacturing. In addition to transformers, the plant will also manufacture capacitors.

In addition to the upcoming facility in Chennai, the company already has a manufacturing plant at Ambattur Industrial Estate in Chennai, Tamil Nadu.

G Sons Power Transformers Pvt. Ltd., a manufacturer of power and distribution transformers, also shared details of its expansion plans at the exhibition. The company discussed plans to develop a new plant for a new high-tension panel range. G Sons Power Transformers currently manufactures its products at its facility in Ahmedabad, Gujarat, with its portfolio including low-tension panels and automated control systems.

Speaking with CableCommunity, Mr Shreyas G. Nambiar, Director of G Sons Power Transformers, said that the location for the plant has not yet been finalised, although Gujarat is being considered. Mr Nambiar added that the company serves customers across sectors including semiconductors, infrastructure and renewable energy.

Coal India to Invest Rs. 50,000 Cr. for Coal Gasification Projects

Coal India Limited, an Indian state-owned coal mining company, was also present at the expo, where it shared details of its upcoming developments with CableCommunity.

Mr Bhanu Prakash, Assistant Manager at Coal India, said the company is collaborating with GAIL (India) on coal gasification projects, with an investment of Rs. 50,000 crore allocated for the initiative.

Earlier in 2024, Coal India signed an agreement with GAIL for development of a Coal Gasification plant in Raniganj, West Bengal. This plant is being developed with a total investment of Rs. 13,052 crore.

POWERGEN India 2026 Reflects a Changing Power Sector

The developments shared at POWERGEN India 2026 showed that the exhibition was not only about displaying existing products. New launches, manufacturing expansions and technologies targeted at improving efficiency and sustainability were also part of the discussions.

From diesel generators and electrical panels to emission-control devices, microturbines, robotic solar panel cleaning systems and new solar and transformer manufacturing facilities, the exhibition brought together a mix of technologies.

Conversations with exhibitors also pointed to strong visitor footfall during the three-day event.

As India’s power sector continues to expand, exhibitions such as POWERGEN India provide a closer look at the technologies and investments that are shaping the industry and making their way into the market.

India’s merchandise exports hit USD 44.24 Bn in July 2026, clocking a 19.63% Year-over-Year (YoY) increase. India’s goods exports momentum continues strong after May’s all-time high of USD 45.20 Bn. Engineering Goods, Petroleum Products, Electronic Goods, and Organic & Inorganic Chemicals emerged as the major contributing sectors in India’s export mix. Among them, Electronic Goods exports became the highlight with a massive 57.4% increase from July 2025.

Under the order, the company will supply 293 Kms of 38/66 KV (E), 1-core, 630 sq. mm aluminium conductor, XLPE-insulated, copper wire-screened, aluminium corrugated-sheathed and HDPE outer-sheathed underground power cables.

As per Diamond Power’s press release, deliveries will commence following manufacturing clearance and are scheduled at a rate of approximately 50 Km per month. The delivery schedule will be based on the project’s requirements.

Commenting on the order win, Mr Umesh Chhayya, Whole-time Director, Diamond Power Infrastructure said, “Extra High Voltage is the segment where our investments in technology, testing and quality show up most clearly, and it is central to how we intend to grow. Our order book continues to build across utilities, renewables, data centres and industrial customers, and we remain focused on executing to schedule”.

Diamond Power Infrastructure Limited, branded as DICABS [NSE: INE989C01038, BOM: 522163], an Indian manufacturer of cables and conductors, has published its Q1 FY27 financial results.

Diamond Power Q1 FY27 Standalone Financials

On a standalone basis, the company reported revenue of Rs. 707.31 crore and Profit After Tax (PAT) of Rs. 57.09 crore during Q1 FY27.

DICABS Q1 FY27 Consolidated Financial Figures

YoY Comparison of Diamond Power’s Numbers: Q1 FY27 vs. Q1 FY26

Diamond Power earned revenue of Rs. 689.88 crore in Q1 FY27 against Rs. 301.82 crore in Q1 FY26, reflecting a YoY jump of 129%. PAT was reported at 58.47 Cr. becoming 3.56 times the Q1 FY26 PAT of Rs. 16.41 crore.

Speaking about Diamond Power’s impressive revenue growth, Mr. Amit Bhatnagar, Head (Corporate Strategy) at the company, said “Our first quarter is always the most seasonally demanding of the year. This year it was more demanding than most. However, we have met our internal target of INR700 crores. And against this backdrop, we more than doubled our top line“.

Earnings Per Share (EPS) of the company were Rs. 1.11 for Q1 FY27 against Rs. 0.31 in Q1 FY26.

Quarterly Analysis of Diamond Power’s Results: Q1 FY27 vs. Q4 FY26

On Quarter-over-Quarter (QoQ) basis, Diamond Power’s revenue decreased slightly by 0.86% from Rs. 695.87 crore recorded during the last quarter of FY26. On the other hand, Diamond Power’s PAT increased by 2.74% to Rs. 56.91 crore profit in Q4 of FY26.

Higher-Value Products, Large Order Drive DICAB’s Growth

Diamond Power has been shifting its focus towards higher-value segments, including Medium Voltage (MV) cables, Extra High Voltage (EHV) products, and specialised cables for digital infrastructure and data centres. This shift has been supported by major order wins during the quarter.

During Q1 FY27, the company received several orders for cable supplies. These included a Letter of Intent (LoI) from Adani Electricity Mumbai Limited for the supply of cables. Diamond Power also secured three orders worth a combined Rs. 163 crore from Adani Group companies, along with an order from Gujarat Energy Transmission Company Limited (GETCO) for the supply of Extra High Voltage (EHV) cables.

Further, Diamond Power reported an order book of Rs. 3,687.55 crore as of 11th August 2026. Of the total order book, conductors accounted for 51.4%, while Medium Voltage cables contributed 29%. The data centre segment accounted for 11.8%, with the remaining 7.8% attributed to Low Tension and solar cables.

Diamond Power Announces Rs. 168.62 Cr. Capacity Expansion

Diamond Power has announced a capital expenditure (CapEx) of Rs. 168.62 crore for multiple capacity expansion and modernisation projects at its manufacturing facility in Vadodara, Gujarat.

The planned CapEx has been divided into three parts. Part A focuses on expanding the company’s LT cable manufacturing capacity. Part B involves the installation of additional aluminium corrugation lines, while Part C includes the installation of the company’s sixth Catenary Continuous Vulcanization (CCV) line.

About Diamond Power Infrastructure Ltd: Diamond Power Infrastructure Ltd., founded in 1970, owns a cable and conductor plant, spread over 110 acres in Vadodara, Gujarat.

OIL Green Energy Limited (OGEL), a subsidiary of Oil India Limited (OIL), has signed Memoranda of Understanding (MoUs) with four municipalities in Haryana, namely: Gurugram, Faridabad, Hisar and Ambala. As per the MoUs, OGEL will undertake development of Compressed Biogas (CBG) and Waste-to-Energy projects.

Transforming Municipal Waste into CBG & Green Energy

These four upcoming projects will collectively process 5,000 tonnes of municipal solid waste per day. The facility in Hisar will have a processing capacity of 500 tonnes per day (TPD), while the Ambala, Faridabad, and Gurugram projects will have capacities of 900 TPD, 1,600 TPD, and 2,000 TPD, respectively.

To achieve this, these facilities will segregate the incoming municipal waste into three categories: recyclable material, wet biodegradable waste, and non-recyclable dry waste. Recyclable materials, such as plastic, metals, etc., will be extracted for reprocessing, whereas wet organic waste will be utilised to produce Compressed Biogas (CBG). The remaining non-recyclable dry waste will then be directed to Waste-to-Energy facilities for generation of electricity.

Collectively, these upcoming facilities are projected to generate 70–75 TPD of Compressed Biogas (CBG) and 50 MW of green power. Also, these projects are expected to alleviate the pressure on landfills.

Financing Project with 50:25:25 Structure

While OGEL has not officially disclosed the total capital outlay for these four projects, the projects will be financed through a 50:25:25 structure. Where OIL Green Energy will contribute 50% of the investment, Government of India will provide 25% of the total capital through the Urban Challenge Fund. The remaining 25% will be jointly funded by the Haryana State Government and the respective Urban Local Bodies.

Supporting Domestic CBG Production with GOBARdhan Framework

In a press release, OGEL stated that these projects are aligned with India’s GOBARdhan – National Circular Bioenergy Scheme 2026. This scheme was approved by Union Cabinet on 6th August 2026 with a financial outlay of Rs. 23,731 crore, and will be implemented from FY27 to FY36.

GOBARdhan scheme is a push towards increasing CBG production by nearly ten times over, attracting large-scale private investment, and creating a circular economy.

HFCL secured the contract through its wholly-owned overseas subsidiary.

Under the agreement, HFCL will manufacture and supply multiple million fibre kilometres of ‘high-quality, high-fibre-count’ optical fibre cables to the customer. The cables will be manufactured according to the customer’s specifications and supplied annually from Calendar Year (CY) 2027 to CY 2029.

The contract is expected to be executed by December 2029.

Apart from this major order win, HFCL is also expanding its Optical Fibre and Optical Fibre Cable manufacturing capacities with a capital expenditure of Rs. 400 crore. The planned investment will increase the company’s Optical Fibre manufacturing capacity to 33.9 million fibre kilometres per annum and its Optical Fibre Cable capacity to 42.36 million fibre kilometres per annum.

Under this project, AESL will establish a 765/400 KV substation at Satara and lay a 765 KV double-circuit Kolhapur-Satara transmission line. Additionally, AESL will also strengthen the Kolhapur pooling station and related transmission infrastructure.

The company incorporated a Special Purpose Vehicle (SPV), Satara Power Transmission Ltd., for execution of this transmission project. This project is expected to be completed within 36 months.

AESL, in its press release, said that this project is for evacuation of renewable energy generated in Karnataka to major load cities in Maharashtra. Furthermore, this project will facilitate evacuation from upcoming pumped storage projects being developed in Satara, Pune, and Mumbai Metropolitan Region.