RR Kabel buys Luminous’ home electrical business from Schneider

15 Apr 2022 CW Team

RR Kabel announced that it had acquired the home electrical business (HEB) of Luminous Power from the French engineering firm Schneider.

Managing Director of RR Kabel, Shreegopal Kabra, told the media that this acquisition would boost RR Kabel's consumer electrical business, which includes fans, lights and electrical appliances.

The transaction of this acquisition might complete in May this year.

Earlier, Schneider had acquired a 74% stake in Luminous Power and, in 2017, acquired the remaining 26%.

Luminous HEB consists of fans and lights. It would help RR Kabel enter into the premium segment of this category.

Recently, Luminous introduced its series of energy-efficient star-rated premium designer fans in India.

Under this deal, RR Kabel can use the Luminous brand for four years for the existing product lines of fans and lighting under a Brand Licensing Agreement (BLA).

CEO of Consumer (FMED) Business of RR Kabel, Vivek Abrol, said after the acquisition that the company is reorienting its target for this segment.

He said that the company had planned to touch a Rs 1,000 crore revenue in 3-4 years from this segment, and after this acquisition, it has been reoriented. The company is now aiming to reach the Rs 2,000 crore mark in 5-6 years.

The company has a revenue of Rs 300 crore from the fan and light segment. It is backed by TPG Capital, a US-based firm that has invested and owns a minority stake.

Kabra said that RR Kabel's overall revenue is around Rs 5,400 crore, and the company expects to reach the Rs 10,000 crore target in the next two years.

Image Source

Also read: Tata Value Homes to pump Rs 600 cr in Eureka Park project in Noida

Infrastructure Energy

25 Jun 2026

Centre Prioritising Energy Security With Coal Gasification

Union minister for Coal and Mines G Kishan Reddy said the Centre is prioritising energy security through a strategic shift to coal gasification and has announced incentives totalling Rs 460 billion (bn) to support the effort. He said more than 35 companies will start coal gasification activities in India within two months and that the government is encouraging firms that bring technology to close the domestic technology gap. The minister described the initiative as aimed at reducing import dependence and developing indigenous capacity. India has the fifth-largest coal reserve in the world, and..

BHEL and Coal India Invest Rs 250 bn in Odisha Gasification

Bharat Heavy Electricals (BHEL) and Coal India (CIL) are jointly investing Rs 250 billion in a coal gasification project in Odisha, with the Prime Minister laying the foundation stone in Jharsuguda. Union Coal and Mines Minister G Kishan Reddy described the initiative as a transformative shift in coal utilisation that will open industrial avenues for the state. The project moves coal beyond conventional power generation to industrial feedstocks. Coal gasification will convert coal into synthesis gas, a versatile feedstock for chemicals, fertilisers and synthetic fuels, and the technology is ex..

BCCL Hands Over Dugdha Coal Washery To JSW Steel

Bharat Coking Coal has handed over the Dugdha Coal Washery to JSW Steel, marking the first coal washery asset monetisation under the Ministry of Coal's asset monetisation programme. The handover took place in the presence of senior officials from Bharat Coking Coal Ltd, JSW Steel and JSW Energy. The washery has a capacity of two million tonnes per annum (mn t per annum), and its transfer is intended to introduce private sector practices into coal beneficiation operations. The monetisation is aimed at modernising coal sector assets, improving operational efficiency and enhancing resource utilis..