Laser Power & Infra Limited
Laser Power & Infra Limited is an integrated manufacturer of power cables and conductors that also executes EPC projects in the power transmission and distribution sector. The company is raising ₹742 crores through a mainboard IPO opening July 9–13, 2026, with a price band of ₹203–₹214 per share.
Overview
About the Company
Laser Power & Infra Limited is an integrated player in India's power transmission and distribution sector, operating through two core segments — manufacturing and EPC. The company manufactures power cables, control cables, conductors and speciality products, supplying both third-party customers and its own EPC division. It runs three manufacturing units in West Bengal with a combined installed capacity of 85.448 MT and in-house quality testing and R&D facilities. On the EPC side, the company delivers turnkey solutions for rural and urban electrification, distribution infrastructure, and substation installation. As of March 31, 2026, it held an order book of ₹32,434 million and operated across 26 states, four union territories, and 10 countries. The company has been active in the power infrastructure sector since 1988.
Company Details
📋 Objects of Issue (Use of Proceeds)
- › Repayment or partial prepayment of certain outstanding borrowings taken by the company — estimated utilisation of ₹490 crore.
- › Funding general corporate purposes — estimated utilisation of ₹52 crore.
✅ Strengths
- ✓ The company is among the leading manufacturers in terms of power cable and conductor production capacity in Eastern India.
- ✓ It operates a highly integrated business model where its own manufacturing unit supplies products to its in-house EPC division, creating operational synergies and multiple revenue streams.
- ✓ The company has demonstrated robust EPC execution capabilities, successfully completing complex projects including rural electrification and substation installation.
- ✓ It has an established and diversified customer base, including marquee clients, built over a long operating history since 1988.
- ✓ The company benefits from a strategic international manufacturing partnership with TS Conductor Corp, USA, enabling it to supply specialised conductors.
- ✓ Three strategically located manufacturing units in West Bengal support strong production capabilities and logistical efficiency.
⚠️ Risks
- ! A significant share of revenue is dependent on timely EPC project execution; any delays or cost overruns could negatively affect financial performance.
- ! The business relies on a steady supply of key raw materials, and any disruption in supply or rise in input costs could compress margins.
- ! The power cables, conductors and EPC market is highly competitive, with several large and established players vying for the same contracts.
- ! A large proportion of the fresh issue proceeds are earmarked for debt repayment, indicating the company carries a substantial debt burden.
- ! Changes in government policies, infrastructure spending priorities, or broader macroeconomic conditions could adversely impact the company's revenue and growth prospects.