Incorporated in 2005, Lumino Industries Limited is a product-driven engineering, procurement, and construction (EPC) company engaged in the manufacturing and supply of conductors, power cables, electrical wires, and specialised electrical components for India's power transmission and distribution sector.

The company has developed an integrated, product-focused business model spanning product design, manufacturing, distribution, and EPC project execution. Its products cater to a wide range of applications across power transmission and distribution, industrial infrastructure, renewable energy, railways, and communication.

Lumino Industries has established itself as a rapidly growing player in the conductors, power cables, and EPC segments, with a particular focus on specialised products such as High-Temperature Low-Sag (HTLS) conductors used in power transmission and distribution networks.

The company also serves international markets and has supplied products to overseas customers, including government-owned electricity companies in countries such as the United States, Nepal, and Ghana. During Fiscal 2024, approximately 62.38% of the products used in EPC projects were manufactured in-house, highlighting the company's backward integration and manufacturing capabilities.

Manufacturing and Distribution Infrastructure

Lumino Industries operates two manufacturing facilities in Howrah, West Bengal, with a combined aluminium manufacturing capacity of approximately 40,000 metric tonnes per annum.

The company also operates three warehouses covering approximately 110,000 sq. ft., supporting its manufacturing, distribution, and project execution activities.

Its electrical wire business, launched under the 'Lumicon' brand, operates across four Indian states through a distribution network of approximately 104 distributors.

Business Segments

1. Manufacturing Business

Manufacturing is a core component of Lumino Industries' business model. The company manufactures and supplies a range of electrical products, including:

• Aluminium conductors

• HTLS conductors

• Power cables

• Electrical wires

• Specialised electrical components

The company supplies these products to customers across the power transmission and distribution, industrial, renewable energy, railway, and communication sectors.

Lumino Industries' product portfolio is designed to address the increasing demand for efficient and reliable electrical infrastructure in India and international markets.

Key Manufacturing Products

Aluminium Conductors:
Aluminium conductors are primarily used for the transmission and distribution of electricity through overhead power lines. They enable the efficient transfer of electrical energy over long distances from generating stations to substations and distribution networks. Lumino Industries manufactures conductors for applications including power distribution networks, industrial facilities, and power generation projects.

HTLS Conductors:
High-Temperature Low-Sag (HTLS) conductors are specialised transmission conductors capable of carrying higher electrical loads while maintaining relatively low sag at elevated operating temperatures. They are particularly useful for upgrading existing transmission infrastructure where increasing capacity without constructing entirely new lines is desirable.

Power Cables:
Lumino Industries manufactures power cables for electrical power transmission and distribution across industrial, commercial, railway, and infrastructure applications. Its portfolio includes low-voltage cables, aerial bundled cables, railway signalling cables, and concentric cables.

Electrical Wires:
The company entered the electrical wire business in 2023 under its 'Lumicon' brand. The portfolio includes thermoset-insulated wires, earth wires, and house wires, catering primarily to electrical installation and building applications.

2. EPC Business

Lumino Industries also operates an EPC business that provides end-to-end solutions for electrical infrastructure projects. Its EPC activities cover the design, procurement, manufacturing, construction, installation, and commissioning of power-related infrastructure.

The company's EPC portfolio includes:

• Power distribution projects

• Extra High Voltage (EHV) substations

• HTLS re-conductoring projects

• Railway electrification

• Solar power projects

Through its EPC capabilities, the company serves customers in India as well as international markets, including projects in Rwanda.

A key advantage of the company's EPC model is its ability to manufacture a significant portion of the products required for its projects internally. In Fiscal 2024, approximately 62.38% of the products used for EPC projects were manufactured in-house, which can provide greater control over product quality, supply schedules, and project execution.

Product Portfolio

Aluminium Conductors

Aluminium conductors are an important component of overhead electricity transmission and distribution networks. They are used to transmit electrical power over long distances between generating stations, substations, and distribution networks.

Lumino Industries manufactures aluminium conductors for applications across:

• Power transmission

• Power distribution

• Industrial infrastructure

• Power plants

• Utility networks

High-Temperature Low-Sag (HTLS) Conductors

HTLS conductors are designed to transmit higher amounts of electricity while maintaining lower sag at high operating temperatures compared with conventional conductors.

These products are particularly relevant to the modernisation and capacity enhancement of existing transmission networks. They can help utilities increase the power-carrying capacity of existing transmission corridors without requiring the construction of completely new lines in certain applications.

Power Cables

Power cables are used for the transmission and distribution of electrical energy in industrial, commercial, infrastructure, and railway applications.

Lumino Industries' product portfolio includes:

• Low-voltage power cables

• Aerial bundled cables

• Railway signalling cables

• Concentric cables

Electrical Wires

Lumino Industries entered the electrical wire market in 2023 under the Lumicon brand. The company manufactures wires for residential, commercial, and electrical installation applications.

Its product range includes:

• Thermoset-insulated wires

• Earth wires

• House wires

Key Business Strengths

Lumino Industries' business model is supported by several key strengths:

1. Integrated Manufacturing and EPC Model – The company combines manufacturing capabilities with EPC project execution, enabling it to supply products for its own projects as well as third-party customers.

2. Specialised Product Portfolio – Its offerings include value-added products such as HTLS conductors and specialised cables, allowing it to address diverse power infrastructure requirements.

3. Growing Power Infrastructure Market – Increasing investments in electricity transmission, distribution, renewable energy, railway electrification, and grid modernisation provide multiple avenues for growth.

4. In-house Manufacturing Capability – The significant share of EPC products manufactured internally supports better control over supply, quality, and project execution.

5. Domestic Distribution Network – The electrical wire business has established a network of approximately 104 distributors across four Indian states.

6. International Presence – The company has supplied products to international customers, including government-owned electricity utilities in markets such as the United States, Nepal, and Ghana, while its EPC business has also undertaken projects in Rwanda.

7. Manufacturing Capacity – Two manufacturing facilities in Howrah, West Bengal, provide a combined aluminium capacity of approximately 40,000 MT per year, supported by three warehouses covering around 110,000 sq. ft.

Overall Business Model

Overall, Lumino Industries operates across the manufacturing and EPC value chain of the power infrastructure industry. Its manufacturing business provides conductors, cables, and electrical wires, while its EPC business uses these products in the execution of power transmission, distribution, railway, substation, and renewable-energy projects.

The combination of specialised electrical products, in-house manufacturing, EPC capabilities, domestic distribution, and international customers positions the company to participate in the ongoing expansion and modernisation of India's power transmission and distribution infrastructure.

1. Purushottam Dass Goel
2. Devendra Goel 
3. Jay Goel

The Company Lumino Industries IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.

1. Prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by our Company 
2. Capital expenditure by our Company for purchase of equipment and machinery, civil works and interior development of an existing manufacturing facility 
3. General corporate purposes

Lumino Industries Ltd.
Unit No – 12/4,
Merlin Acropolis
1858/1 Rajdanga Main Road,
Kolkata, West Bengal, 700107
Phone: +91 33 2441 2008
Email: investor.relation@luminoindustries.com
Website:https://www.luminoindustries.com/