Jainik Power Cables and Sagar Industries Forge Strategic Alliance for India's Power Infrastructure
Sonipat, Haryana | June 2026Jainik Power Cables Limited has announced a strategic business alliance with Sagar Industries, an established leader in India's electrical, power transmission, and distribution sector. This collaboration aims to support the growing demand within the country's power infrastructure sector.
Under the long-term business understanding, Sagar Industries intends to source and procure a comprehensive range of aluminium-based products from Jainik Power Cables Limited. These products include Aluminium Conductors, LT Power Cables, Aerial Bunched Cables (ABC), and other allied products, which will be utilized for Sagar Industries' ongoing and future projects across India.
Partnership Details and Market Strength
Sagar Industries has built a strong reputation in the power sector through its expertise in manufacturing and supplying various solutions, including power cables, control cables, aerial bunched cables, and conductors. The association is supported by Sagar Industries’ substantial business pipeline, which includes an active order book for Aluminium Cable and Conductor projects.The current order book for these projects aggregates to more than ₹100 Crores.
| Project Area | Product Type | Value |
|---|---|---|
| Aluminium Cable and Conductor | Various | More than ₹100 Crores |
The alliance is positioned to capitalize on unprecedented investment in India's power infrastructure, including transmission networks, rural electrification, renewable energy integration, and distribution strengthening programs.
Boosting Market Presence and Capability
The partnership is expected to enhance Jainik Power Cables Limited's visibility and market reach while reinforcing its standing as a trusted manufacturer of aluminium conductors and power cable solutions.Shashank Jain, Director at Jainik Power Cables Limited, stated that Sagar Industries' established market presence, technical expertise, and strong order pipeline make them an ideal long-term business partner. He added that the collaboration confirms the confidence industry participants have in Jainik's manufacturing standards, quality systems, and execution capabilities.
Jainik Power Cables Limited remains focused on continuous capacity enhancement, technological advancement, and strategic partnerships, building on its commitment to the Indian power and energy sector.
JAINIK Stock Price Movement
As of 11:36 AM, shares of Jainik Power Cables Limited are slipping by 0.65% in live trading, currently trading at ₹152.00. The equity sees a substantial volume of 54,000 shares traded, marking a notable level as the stock previously hit its 52-week high of ₹160.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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