Finolex Cables Limited sees huge opportunity in emerging data centre hub in Vizag
Finolex Cables Limited (FCL) aims to increase its Andhra Pradesh turnover to ₹500 crore by FY 2026-27, driven by the growth of data centers in Visakhapatnam. The company is investing ₹500 crore in a new glass preform optical cable manufacturing unit to support this demand.
Why it matters
The expansion reflects the growing infrastructure needs of the digital economy and the strategic importance of regional manufacturing hubs in India.
On the back of robust demand for its diversified products, Finolex Cables Limited (FCL) is hopeful of increasing its turnover in Andhra Pradesh from nearly ₹300 crore the previous year to ₹450 crore - ₹500 crore in FY 2026-27.
Of the ₹6,300 crore turnover in 2025-26, South India’s share was roughly ₹2,300 crore. The share of Andhra Pradesh and Telangana in it was 26%, company President (Sales and Marketing) Amit Mathur said, while noting that the emergence of a data centre hub in Visakhapatnam district offered a huge opportunity.
Addressing the mediapersons here on Wednesday, Mr. Mathur said FCL could supply LAN and power cables to the data centres, and a team was working on tapping into the burgeoning global demand for subsea cables required by them.
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