Company said in official statement that, we are pleased to inform the stakeholders that we have been further awarded with a work order of Rs. 163 Crores from Kaushal Engineering Limited in continuation with the last order of Rs. 244 Crores received on 23rd December, 2025, aggregating to Rs. 407 Crores, for CONSTRUCTION OF BALANCE HIGHWAY WORKS INCLUDING VUP, Bridges and Electrical Works for the six laning of the BiharJharkhand Border (Chordaha to Gorhar Section) of NH-2 from Km 249.525 to Km 320.810 in the State of Jharkhand on EPC Mode under NHDP Phase V. The Total Revenue shall be generated from this Work Order is Rs. 1,62,87,92,282/- (Rupees One Hundred Sixty-Two Crore Eighty-Seven Lacs Ninety-Two Thousand Two Hundred and Eighty-Two Only) inclusive of applicable GST.
Company name is JD Cables with market cap of ₹465 cr, its an Indian company primarily engaged in manufacturing cables and conductors for the power transmission and distribution sector. As of early 2026, the company has strategically expanded into Engineering, Procurement, and Construction (EPC) infrastructure projects.
Core Business Operations
Product Portfolio
:Cables: LT XLPE Power Cables, LT PVC Power & Control Cables, LT AB (Aerial Bunched) Cables, and single-core service wires.
Conductors: All Aluminium Conductor (AAC), All Aluminium Alloy Conductor (AAAC), and Aluminium Conductor Steel Reinforced (ACSR).
Manufacturing Facilities: Operates two units in Howrah and Hooghly, West Bengal, with a combined installed capacity of 28,000 kilometers. It recently acquired a new facility in Dankuni to further scale production.
Market Presence: Primarily serves the eastern and central regions of India, including West Bengal, Assam, Odisha, Bihar, and Jharkhand. It is an approved vendor for several State Electricity Boards (SEBs).
Strategic Expansion into EPC
In late 2025 and early 2026, JD Cables significantly diversified its revenue streams:Electrical Contractor License: Secured a 5-year license from the Government of West Bengal in December 2025, enabling it to bid for substation installations and turnkey distribution projects.
Major Infrastructure Contracts: By January 2026, the company’s total contract portfolio reached ₹407 crores, largely driven by EPC contracts for national highway development (NH-2) in Jharkhand involving civil and electrical works.
Key Strengths & Risks
Strengths: Backward integration (in-house manufacturing of key components), high capacity utilization (~80%), and strong order book visibility (₹286 crores as of late 2025).
Risks: High customer concentration (top 5 customers contributed 64% of revenue in FY25), geographic concentration in West Bengal, and high financial leverage.
