Raising the standards of wires and cables for a safe power supply
By EPR Magazine Editorial February 28, 2023 6:29 pm IST
By EPR Magazine Editorial February 28, 2023 6:29 pm IST
The Union Budget serves as the cornerstone and roadmap for the “Amrit Kaal” economy for the next 25 years, emphasising research and development for burgeoning industries, eco-friendly solutions, and technological progress in pursuit of a thriving economy. The budget prioritises building the framework for 5G spectrums and optical fibre and facilitating accessible broadband services in rural regions, further propelling the wire and cable sectors.
The emphasis is on clean and sustainable energy for powering electric vehicles, intending to foster industrial progress and promote overall national growth. This represents a noteworthy advancement, as addressing clean energy requirements holds great promise for the country.
The GOI has sanctioned ₹3,03,758 Crore over five years to reduce pan-India AT&C losses to 12-15 percent and eliminate the ACS-ARR gap by 2024-25. This move will aid DISCOMs in enhancing their financial sustainability and operational efficiencies, creating ample opportunities for the cable industry. In the ensuing discussion, we will discuss how companies prioritise quality and safety-critical wire and cable installations to address the related challenges.
Safe and reliable power through high-quality wires and cables
As the demand for power increases and renewable sources are being used more frequently, there will be a growing need for wires and cables with new and advanced features. In India, an emerging economy with significant growth in the construction and infrastructure sectors such as real estate, hotels, hospitals, and educational institutions, the wire and cable industry is also experiencing significant growth.
The budget’s main focus is on holistic development, which is favourable for most manufacturing industries, including the wire and cable industry. The current budget draws from the previous financial year’s budget, which suggests it will benefit the wire and cable industry.
Shashi Amin, CEO of Apar Industries, highlights that as their innovative APAR Anushakti house wire, which is powered by e-beam technology and is melt-resistant, fire-retardant, and offers 50 years of life. As India’s largest manufacturer of electron beam cables, Apar Industries has three e-beam accelerators (1.5 MeV, 2.5 MeV, and 3 MeV) and has recently commissioned a 2.5 MeV e-beam line at their Khatalwada plant in Gujarat. To meet the growing demand for cable products that are easy to install and last, Amin is developing a complete range of cable harnesses for locomotives and railway coaches, earthing kits for rolling stock, PA system cable harnesses, and more.
Arvind Agrawal, Senior Vice President of Havells India, notes that the construction industry is shifting towards using flame retardant low smoke and low smoke zero halogen products, which offer improved fire safety and resistance properties. He emphasises the importance of maintaining high-quality standards and customer trust, focusing on minimising costs and avoiding product failures. To achieve this, Havells India invests in state-of-the-art machinery and uses high-quality raw materials to ensure cost-effectiveness and superior product quality.
Prospects for green or sustainable wires and cables
APAR Industries has made significant progress in environmental performance, energy conservation, and improved safety considerations in product design. Its ESG initiatives include:
Amin also states that APAR has entered into a definitive agreement with a leading supplier to jointly develop a 3 MW hybrid power project (wind-solar hybrid) under the captive group model.
With a target of 500 GW of renewable energy by 2030 and new Renewable Purchase Obligations, DISCOMs are required to purchase renewable power, transforming from fossil fuel-based energy to renewable energy. This development will naturally synchronise with the cable market’s growth. Amin explains that the ₹ 19,500 Crore solar PLI scheme and 449 ongoing projects totalling $181.86 billion will skyrocket demand for sustainable and eco-friendly cables.
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