New Delhi, July 26 -- India's winding wire industry is entering a structural growth phase, supported by rapid electrification, rising investments in power transmission and distribution, renewable energy adoption and accelerating industrialisation, according to a report by PhillipCapital.

The brokerage said winding wires, which are essential components in transformers, motors and generators, provide direct exposure to India's expanding power infrastructure and energy transition. Rising demand from electric vehicles, data centres, industrial automation and heating, ventilation and air-conditioning (HVAC) is expected to support sustained volume growth and create opportunities for margin expansion among organised players.

India plans to nea...