LS Cable & System inaugurates one of India's largest power cable manufacturing plants at Bawal
Tuesday, Apr 10, 2012
The Rs.180 crores plant spread over 2,15,000 sft. will have the capacity to produce Rs. 1000 crores worth of power cables and Rs. 500 crores worth of communication cables
April 4, New Delhi : LS Cable and System India (LSCI), a wholly owned subsidiary of US$ 7.67 billion LS Cable & System (LSC&S), a global leader in cable and system solutions, today announced the completion of one of India’s largest power cable manufacturing plants at Bawal in Haryana. The state-of-the-art plant spread over 215,000sft., built with an investment of Rs..180 crores, will have the capacity to produce Rs. 1000 crores worth of power cables up to 220kV and Optic Ground Wire, and Rs. 500 crores worth of communication cables. The glittering inauguration ceremony had over 150 special invitees in attendance including His Excellency Joong-Keun Kim, Ambassador of the Republic of Korea to India; Pt. Shiv Charan Lal Sharma, the Minister for Labour & Employment for the state of Haryana, Rajeev Arora, Managing Director, HSIIDC; C.G. Rajnikanthan, IAS, Deputy Commissioner, Rewari District and Vikash Arora, IPS, Superintendent of Police, Rewari District among others. Senior group executive Jong-ho Son, President & CEO, LSC&S from Korea specially flew in and was present on the momentous occasion.
According to Jong-ho Son, President, LSC&S, “India is among the top 5 energy consuming nations in the world accounting for 3.7% 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 is committed to the Indian market for long-term and this significant investment only reinforces that commitment. We are looking to grow rapidly in India and attain market leadership position in the key power and communication markets in the near to medium term. We will contribute to the growth of power and communication infrastructure sectors in India by doing projects with the best technology and leveraging years of experience in the cable business.”
Euy-don Park, Managing Director, LSCI, the Indian subsidiary of LSC&S, says “We supply extra high voltage cable, OPGW, for power cable solutions and provide broadband wire and wireless communication equipment such as BTS antenna for mobile network and G-PON, E-PON for FTTH solution, to the fast growing Indian communication market.”
About LS Cable & System India : 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 which will later expand according to the aggressive plans lined up. However, LS Cable and System has already years of experience in the construction of ultra-high voltage subterranean lines in New Delhi and Bangalore since 1997. The fast growing operation has its corporate office in Gurgaon besides offices in Bangalore, Mumbai, Chennai and Kolkata and employs over 300 professionals. Furthermore, as part of its cultural immersion program, LSC&S has sent delegations of university students from Korea to India for juvenile education, repairing school facilities, holding sports competitions and varied cultural interactions.
Source: LS Cable & System
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