| Cable Division | Manufacture of specialty cables for railways, naval defence, solar and electric vehicles. | Unique electron beam irradiation technology, backward integrated facilities, and regulatory approvals create barriers. | B2G – Indian Railways, Defence PSUs; B2B – solar, EV OEMs and exports. | Customized specialty cables for naval and EV applications due to high technical specifications. | 146 | 97 | Direct sales to government and private sector clients. | Contract/project-based sales with mix of direct and long-term supply agreements. | Rising infrastructure spending in railways, renewable energy and EV sectors; product innovation in irradiated cables. | Electron Beam Irradiated Specialty Cables |
| Train Control Systems (TCS) Division | Design, development, and manufacturing of railway safety signaling systems. | Exclusive position as one of limited approved KAVACH vendors with in-house design and software capabilities. | Primarily B2G, Indian Railways and RailTel for signaling systems. | Safety-critical signaling hardware and software services with technology certification. | 4 | 3 | Order-based revenue from Indian Railways and related government entities. | Project contracts and milestone-based payments. | Government emphasis on rail safety modernization and KAVACH deployment acceleration. | KAVACH Train Collision Avoidance System, Electronic Interlocking (under development) |
