R R Kabel Ltd, India’s largest exporter of wires and cables, has identified the solar sector as a key growth driver for the country’s fast-expanding wires and cables market. The company sees structural reforms, electrification drives, and renewable energy investments as long-term demand catalysts.
India’s renewable energy ambitions — targeting 500 GW by 2030 — along with heavy investments in solar, wind, and battery storage projects are fuelling the demand for specialised products such as solar cables and high-voltage power cables.
“India’s wires and cables market was valued at $9.32 billion in 2024 and is projected to grow to $17.08 billion by 2032, at a CAGR of 7.94% between 2025-2032. This growth is driven by India’s ambitious renewable energy targets, particularly in solar and wind power,” stated the company. “Solar PV installations require high-quality, low-loss cabling systems, and the sharp rise in solar panel deployment is fuelling demand for specialised solar cables. Additionally, government-led infrastructure and electrification programs are contributing to the increasing need for reliable wiring and power distribution systems across the country.”
To tap this opportunity, RR Kabel plans to invest an additional INR 1,200 crore over the next three years to expand manufacturing capacity, with a focus on value-added products including solar cables.
In FY 2025, the company stepped up R&D spending to develop energy-efficient, safer, and environmentally sustainable solutions. Capital investments have been directed toward upgrading manufacturing facilities to produce e-beam cross-linked solar cables — certified to EN 50618 and IEC 62930 standards — that are UV-resistant, halogen-free, and designed for long-term clean energy applications.
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