Laser Power & Infra targets ₹4,000cr revenue within 3 years
Laser Power & Infra has set its sights on reaching ₹4,000 crore in yearly revenue within the next three years.
The plan? Ramp up use of its factories (which are only 65% busy right now) and tap into India's growing need for power transmission as the country boosts electricity generation.
Laser Power IPO to cut debt
To get there, Laser Power is using money from its IPO to pay off a big chunk of debt, saving up to ₹50 crore a year in interest. The rest will help keep business running smoothly.
With India aiming for 900 gigawatts of power capacity by 2032, demand for Laser's cables and tech should soar.
Plus, they're teaming up with a US firm to bring in advanced conductor tech and expanding into underground and high-voltage cables, moves that could really supercharge their growth.