IPO-bound Laser Power & Infra wins ₹836 crore utility projects from NTPC, 2 other companies

Laser Power & Infra on Wednesday said it has secured new orders worth ₹836 crore from NTPC, Kanpur Electric Supply Company Ltd (KESCo) and Jodhpur Vidyut Vitran Nigam Ltd for utility projects.

These projects fall under the Revamped Distribution Sector Scheme, and each project involves the supplythe supply of the firm's in-house manufactured power cables, conductors and system-strengthening materials.

Of the ₹836 crore orders, Laser Power & Infra secured a ₹422.11 crore project from KESCo, ₹212.06 crore from NTPC and ₹202.13 crore from Jodhpur Vidyut Vitran Nigam Ltd (JDVVNL).

"Over three decades, we've built the company as a manufacturing-driven organisation with deep backward integration.This integration approach supports cost optimization, strengthens supply chain reliability, and ensures secure delivery of our power cables," Deepak Goel, Chairman and Managing Director, Laser Power & Infra, said in a statement.

"While these projects are executed on a turnkey basis, the real value comes from the volumes of cables and conductors we supply from our integrated plants in West Bengal. EPC simply enables us to deliver and install our own products to the same standards we follow inside the factory," he added.

Laser Power & Infra IPO

Kolkata-based Laser Power & Infra submitted draft red herring prospectus (DRHP) with markets regulator Securities and Exchange Board of India (SEBI) in September to raise funds via IPO.

The proposed ₹1,200 crore IPO is a mix of a fresh issuance of ₹800 crore and an offer for sale aggregating to ₹400 crore by promoters Deepak Goel, Rakhi Goel and Devesh Goel.

The fresh issue proceeds will be used for debt repayment and general corporate purposes.

Laser Power & Infra, incorporated in 1988, is an integrated provider and manufacturer of power cables, conductors and specialised products and compounds for India's power transmission and distribution industry.

It operates three manufacturing units in West Bengal with a combined capacity of 73,100 metric tonne as of March 31, 2025.

In FY25, the company generated revenue from operations of ₹2,570 crore and earned a profit after tax of ₹106 crore.