JD Cables Limited has commenced construction activities for its landmark EPC infrastructure contract worth ₹243.99 crores from Kaushal Engineering Limited for comprehensive highway construction and electrical works in Jharkhand. The company held a ground breaking ceremony on January 5, 2026, marking the official start of construction for the National Highway Development Project Phase V. The project represents a significant milestone in the company's infrastructure execution journey, with the order value representing approximately 55% of the company's current market capitalization of ₹445.38 crores.

Project Commencement and Ground Breaking Ceremony

The ground breaking ceremony was conducted at NH-2, Pandeybara Camp, Chauparan, District Hazaribag in Jharkhand, with Managing Director Piyush Garodia and Whole-Time Director Rajesh Jhunjhunwala laying the foundation stone. The ceremony marked the official commencement of construction activities, with the company initiating immediate mobilization from January 2026.

Project Specifications and Scope

The contract encompasses balance construction works for multiple infrastructure components along the Bihar-Jharkhand border under the National Highway Development Project Phase V. The comprehensive scope includes construction of Chauparan Flyover, Barkatha Flyover, Road Over Bridge (ROB), and complete electrical works for the six-laning project.

Financial Impact and Market Context

The substantial order value of ₹243.99 crores represents a significant proportion relative to JD Cables Limited's market capitalization, highlighting the transformative potential of this contract for the company's financial performance. The order significantly enhances revenue visibility and strengthens the company's position in the infrastructure segment.

Management Commentary on Strategic Impact

Piyush Garodia, Managing Director of JD Cables Limited, expressed confidence about the project's strategic importance during the ceremony. The company views this project as a testament to the dedication and expertise of their team, emphasizing excitement about collaborating with Kaushal Engineering Limited on this objective. The management highlighted that stakeholder support and engagement will play a pivotal role in ensuring the success of these endeavors.

Execution Strategy and Business Impact

The project is expected to significantly enhance JD Cables' manufacturing capabilities, enabling the company to serve utilities, infrastructure developers, EPC companies, and industrial consumers with a broader and more technologically advanced product range. This development adds to the company's larger order book, improved revenue visibility, and reinforced capabilities in executing large and complex EPC infrastructure projects, particularly in the highways and transportation segment.

JD Cables Limited, a manufacturer of wires, cables, and conductors, has recently secured an Electrical Contractor License from the Department of Power, Government of West Bengal. This strategic move marks a significant expansion in the company's service portfolio, enabling it to venture beyond its core manufacturing business.

Key Highlights of the License

• Issuing Authority: Department of Power, Government of West Bengal
• Validity: 5 years
• Scope: Allows bidding for government and private sector EPC contracts

Expanded Business Opportunities

The new license empowers JD Cables Limited to undertake a range of electrical projects, including:

• Electrical works
• Substation installations
• Distribution infrastructure
• Related turnkey project activities

This development is expected to have a positive impact on the company's business expansion and future growth prospects.

Financial Performance Overview

To provide context on the company's financial position, here's a snapshot of key financial metrics based on the most recent balance sheet data:

The financial data reveals significant growth across various metrics over the past year, indicating a robust expansion of the company's operations. The substantial increase in total assets and equity suggests that JD Cables Limited has been strengthening its financial position, which could support its new ventures in the electrical contracting space.

This license acquisition aligns with the company's growth trajectory, potentially opening up new revenue streams and enhancing its market position in the electrical infrastructure sector.

As JD Cables Limited embarks on this new chapter, stakeholders will be keen to observe how the company leverages this opportunity to drive further growth and diversify its business operations.