**This Cable Maker Eyes a ₹1,500 Crore IPO at a Valuation of ₹6,500 Crore**
*By Dwaipayan Roy | Sep 21, 2025, 06:47 PM*
**Kolkata-based Laser Power and Infra Ltd (LPIL)**, a prominent manufacturer of cables and conductors, is gearing up to file its draft red herring prospectus with the Securities and Exchange Board of India (SEBI) this month. The company aims to raise between ₹1,200 crore and ₹1,500 crore through an initial public offering (IPO). With this strategic move, LPIL hopes to achieve a valuation ranging from ₹5,500 crore to ₹6,500 crore.
### Company Evolution
Founded by Deepak Goel, who brings over 30 years of experience in the cables and conductors industry, LPIL began as a small engineering unit. Over time, it has grown into a major player in the Engineering, Procurement, and Construction (EPC) segment. Today, LPIL manufactures and markets a comprehensive portfolio of wires, cables, conductors, and specialized transmission products catering to both domestic and export markets.
Beyond manufacturing, the company is actively involved in large-scale electrification projects across India, further establishing its foothold in the infrastructure sector.
### Project Achievements
LPIL boasts an impressive track record of executing major projects, such as electrifying more than 12,000 villages and commissioning 22,000 distribution transformers. The company has also upgraded 99 substations and laid over 50,000 circuit kilometers of overhead lines. Its clientele includes key state and central power distribution companies, as well as private sector clients, with prominent names like Power Grid Corporation of India Limited (PGCIL) and the National Thermal Power Corporation (NTPC).
### Business Expansion and Financial Performance
The company is expanding its portfolio by entering new domains such as water distribution infrastructure. Currently, LPIL has over 25 ongoing projects with a consolidated order book exceeding ₹3,500 crore.
In the financial year 2024 (FY24), LPIL reported revenue from operations of ₹1,621.23 crore, marking a robust 31.4% increase compared to ₹1,233.91 crore in FY23. This impressive growth is driven by the company’s backward integration strategies, including aluminum rod casting and polymer compounding, among other initiatives.
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LPIL’s upcoming IPO and continued business expansion underscore its ambition to strengthen its position as a key player in India’s infrastructure landscape. The company’s strong order book and consistent financial growth paint a promising picture for prospective investors.
https://www.newsbytesapp.com/news/business/laser-power-and-infra-plans-1-500cr-ipo/story
