By Admin 
Adani and aditya birla group: After his deep penetration in the cement sector, now Gautam Adani -led Adani Group and Kumar Mangalam Birla’s Aditya Birla Group are preparing to take a strong entry in the wire and cable segment.
There is already a competition to overtake both in copper and cement sector. Now both groups are going to step into wire and cable segment. In the cement sector, both of them have a tough fight, beating many small and big companies and now there is a turn cable and wire segment, which is likely to grow a lot in the coming time.
This sector is moving fast
Revenue of the country’s wire and cable industry moved forward with compound annual growth of 13 percent in financial year 2019 and 2024. Now with the steps of these two big companies to step into this segment, the possibility of growth in it will increase even more. Its effect will also be seen in the stock market. The share prices of companies listed in the wire and cable segment declined after March 19.
The share of Polycab India and KEI Industries, the largest company in this segment, reached the low-lying level of 52-week on March 20. Similarly, the share price of Havells also declined by 5 percent. The next day the shares of Finolex cables also fell to 4 percent.
Ideal segment for investment of big companies
Brokerage firm JM Financial, describing the wire and cable segment as ideal for more capital investors, said, it is an industry where any company does not have more than 15 % stake in wire and more than 20 % in cable.
There are many opportunities for growth
The total number of small and big companies in this industry is around 400 and revenue is between 50-400 crores. According to global brokerage firm Jefferies, there are attractive opportunities in India about Rs 80,000 crore cable and wire industry (Rs 56,000 crore cable and Rs 24,000 crore wire).
Jefferies’ analyst believes that there are many growth opportunities in this industry as it is growing in a double digit and 30 percent of the industry is still near the unorganized sector. In the year 2028-29, the size of this industry will reach Rs 1,30,000 crore.
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So that’s why on March 31, the tradition of closing of financial year, tradition is going on with English rule