Que: India is witnessing unprecedented investments in power transmission, renewable energy and grid modernisation. How is this transforming demand for advanced conductive materials such as copper and aluminium products?

Ans: India’s rapid expansion in transmission, renewable energy and grid modernisation is creating a structural, multi-year demand opportunity for copper and aluminium conductive products. The country is planning transmission systems to integrate over 500 GW of renewable energy by 2030, with the transmission network projected to reach 6.48 lakh circuit km by 2031-32.

This is driving demand across conductors, busbars, transformer windings and other electrical components, with greater emphasis on efficiency, reliability and application-specific solutions. Copper and aluminium busbars, paper-covered conductors and enamelled conductors positions it to participate in this expanding opportunity. Our products cater to power transformers, generators, motors and renewable energy applications.

By 2035, over 75 percent of new grid connections are expected to depend on renewable-enabled electrical infrastructure, further strengthening this demand outlook. Overall, the transition is expanding both volumes and the opportunity for higher-value, customised conductive materials.

Que: You have expanded into renewable energy-focused products such as PV Ribbon Wires and PV Busbars. What prompted this diversification, and how significant do you expect this business to become over the next five years?

Ans: The diversification into PV Ribbon Wires and PV Busbars is aligned with India’s rapid expansion in solar manufacturing and renewable-energy capacity. These products allow us to leverage its existing expertise in copper and aluminium processing while entering a higher-growth, application-specific segment. The company’s FY2024-25 annual report identifies renewables as a key driver of future demand for its core non-ferrous products. We see this as an opportunity to leverage our expertise in copper and aluminium processing and expand into products that are integral to the solar value chain.

This diversification is also aligned with our broader vision of increasing the share of value-added products in our portfolio. We are strengthening our presence across conventional conductors and winding wires while also investing in solutions that cater to fast-growing sectors such as renewable energy and advanced power infrastructure.

Over the next five years, we expect PV ribbon wires and PV busbars business to become an important contributor to our growth as solar installations continue to scale in India and overseas. With our integrated manufacturing capabilities, expanding product portfolio and focus on quality, we are well positioned to support the evolving requirements of the renewable energy industry while strengthening our presence in this high-potential segment.

Que: India is pushing for greater domestic manufacturing under initiatives like "Make in India." How important is local production of critical conductive materials in reducing import dependence for the renewable energy sector?

Ans: Domestic production of critical conductive materials is strategically important for India’s renewable-energy transition. As solar, wind and grid infrastructure scale rapidly, dependence on imported components can expose projects to global price volatility, logistics disruptions and supply-chain uncertainties. Strengthening domestic manufacturing therefore improves supply security, shortens lead times and supports greater value addition within India.

Initiatives such as Make in India are encouraging manufacturers to strengthen domestic production capabilities, adopt advanced technologies and develop higher-value, application-specific products within the country. This is helping reduce import dependence while strengthening supply-chain resilience and creating opportunities for technology adoption, skilled employment, greater value addition and export growth. For critical conductive materials, a stronger domestic manufacturing ecosystem can also ensure more reliable supply to India’s rapidly expanding renewable-energy and power infrastructure.

Ultimately, a stronger domestic conductive-material ecosystem can make India’s renewable-energy supply chain more resilient, competitive and self-reliant, while enabling manufacturers to move towards higher-value, application-specific products.

Que: As a PGCIL-approved vendor, how has participation in India's transmission projects evolved, and what trends are you seeing in procurement and technology requirements?

Ans: Being a PGCIL-approved vendor has given us valuable insights into the evolving requirements of India’s power transmission sector. As investments in transmission infrastructure accelerate, procurement is increasingly focused on suppliers that can consistently deliver high-quality, technically compliant and reliable products at scale.

We are also witnessing greater emphasis on advanced conductive materials that enhance efficiency, minimise transmission losses and support the integration of renewable energy into the grid. Utilities are looking beyond cost and evaluating manufacturers on product performance, quality assurance, manufacturing capabilities and long-term supply reliability.

At Shera Energy, our focus remains on strengthening manufacturing capabilities and developing specialised copper and aluminium products that align with these evolving requirements. We believe technology, quality and domestic manufacturing capabilities will remain key differentiators as India’s transmission network expands.

Que: As global demand for copper rises due to electrification and clean energy, do you foresee supply constraints becoming a long-term concern for Indian manufacturers?

Ans: The rising demand for copper is one of the defining trends of the global energy transition. Electrification across power grids, renewable energy, electric mobility, data centres and industrial infrastructure is expected to significantly increase copper consumption, while bringing new mining capacity online remains a capital- and time-intensive process. This could lead to periodic supply constraints and greater price volatility over the coming years.

However, we view this as a strategic supply-chain challenge rather than a constraint on growth. Manufacturers will need to strengthen sourcing diversification, build long-term supplier relationships, increase recycling and explore greater supply-chain integration to improve resilience and manage raw-material risks.

For India, securing reliable access to high-quality copper will be critical to sustaining its electrification and clean-energy ambitions. Companies with strong sourcing networks, efficient manufacturing capabilities and an integrated approach to supply-chain management will be better positioned to navigate volatility and support the country’s expanding infrastructure requirements.

Que: The company currently operates multiple manufacturing facilities with an installed capacity of over 46,000 MT. What are your expansion plans over the next three to five years?

Ans: Over the next three to five years, our objective is to build capacity ahead of demand while simultaneously improving the quality and value mix of our portfolio. With strong structural growth expected across power transmission, renewable energy, industrial electrification and related infrastructure, we see significant headroom to expand our manufacturing footprint and cater to a broader domestic and international customer base.

A key priority will be strengthening our backward integration and supply-chain resilience. Our copper cathode manufacturing facility is an important step in this direction, providing greater control over raw-material sourcing and supporting a more integrated operating model.

We also see considerable opportunity to scale our value-added copper and aluminium products and expand exports to markets that demand high-quality, application-specific solutions. Ultimately, our ambition is not simply to add tonnes of capacity, but to build a more integrated, technology-driven and globally competitive manufacturing platform capable of supporting India’s energy transition and delivering sustainable long-term growth.

Que: How much of Shera Energy's future growth do you expect to come from renewable energy-related applications compared to traditional electrical infrastructure?

Ans: The expansion of renewable energy inherently requires parallel investments in transmission, distribution and grid modernisation. As a result, growth in renewables naturally translates into increased demand across conventional conductive applications as well.

The products related to renewable energy applications are expected to contribute 8-10 percent of the total volumes of Shera Energy’s production. As the Government of India is encouraging products that are for import substitution for the production of Solar Modules in India, we expect the revenues from these products to be on an increasing trend.