Lumino Industries IPO

Incorporated in 2005, Lumino Industries is an integrated power infrastructure company with two primary business segments: Manufacturing and Engineering, Procurement and Construction (EPC).  its manufacturing business covers aluminium conductors, power cables and electrical wires, while its EPC division undertakes projects across power transmission and distribution, EHV substations, HTLS reconductoring, railway electrification, solar and water management. 

Lumino Industries is among the growing players in the conductors, power cables and power infrastructure EPC segments. The company serves international clients including government-owned and controlled electricity companies, public enterprises and electricity boards across the USA, Ghana, Nepal and other markets.  In FY2024, 62.38% of the specialised products used in its EPC projects were manufactured in-house, supporting greater control over supply and execution. 

The company also has an international presence through its manufacturing exports and EPC activities. The company has entered into a technology licensing arrangement with Tokyo Rope International for manufacturing ACFR-HTLS conductors. 

Its electrical wires business has a distribution network of approximately 122 distributors across four states in India. 

The company operates two manufacturing facilities in Howrah, West Bengal, with a combined aluminium consumption capacity of 40,000 MT annually, supported by three warehouses covering approximately 110,000 sq. ft.  The company also manufactures high-temperature low-sag (HTLS) conductors used in power transmission and distribution.

Business Segments:

Manufacturing: The company was the fastest-growing player among the peers considered in the conductors, power cables and EPC industry by revenue CAGR during FY22–FY24, according to the CRISIL report. Its portfolio caters to power utilities, substations, industrial applications and electrical infrastructure. 
EPC: Lumino provides end-to-end EPC services across power transmission and distribution, EHV substations, HTLS reconductoring, railway electrification, solar projects and water management. It undertakes projects for utilities across India and has a power distribution project in Rwanda.  

Products: 
Aluminium Conductors: Used primarily in overhead transmission and distribution networks for efficient long-distance electricity transmission. Lumino also manufactures HTLS conductors for higher-capacity transmission and reconductoring projects.
Power Cables: Manufactured for power transmission and distribution applications, with products including low-voltage, solar, railway signalling and other specialised cables.
Electrical Wires: Introduced under the Lumicon brand, the company's wire portfolio includes house wires and specialised wires for residential, commercial and industrial applications.