Lumino Industries - IPO Report

Lumino Industries is an integrated power-infrastructure and EPC player operating across Manufacturing and EPC. Its Manufacturing segment covers aluminium conductors, power cables and electrical wires, while its EPC business spans power transmission and distribution, EHV substations, HTLS reconductoring, railway electrification, solar and water management projects.

Its vertically integrated model enables in-house manufacturing of products used in EPC projects, supporting supply-chain control, shorter execution timelines and competitive bidding. In FY26, the company internally manufactured 23.08% of the specialised products used in its EPC projects.

The company operates two Howrah manufacturing facilities with 40,000 MT annual aluminium consumption capacity and is expanding through a 250,000 sq. ft. Ranihati facility, which will add capacity for HV/LV, solar, railway signalling and HTLS cables and conductors.

Lumino serves government utilities, EPC players and international customers, with operations across 26 states and 4 union territories in India and 17 countries overseas. Its UL certification and other quality accreditations support access to regulated international markets.

As of March 31, 2026, the company had a ₹3,149.88 crore order book, comprising ₹1,157.90 crore in Manufacturing and ₹1,991.98 crore in EPC, providing visibility across power transmission, renewable energy, railway and other infrastructure projects.