Many countries have benefited from industrialisation and there is a growing global demand for power. For a power system to operate steadily, securely, and dependably, infrastructure must be upgraded and supply and demand must be balanced. In particular, reactive power (VAr) compensation is crucial for balancing the demand for reactive power from industries and, as a result, to ensure a sufficient voltage profile and voltage stability in low-voltage distribution lines. This study suggests the use of switched and fixed capacitors for dynamic volt-var controllers to handle heavy industrial loads. The voltage stability improvement, cost reduction, and loss reduction are the three goals of the multi-objective function. a new, straightforward meta-heuristic for war strategy optimisation (WSO) that combines the power loss index (PLI) to narrow the search space and boost the computing effectiveness. For various industrial load growth scenarios, simulations were performed on IEEE 33-bus low-voltage distribution feeder. A comparative study was also conducted using and compared with WOS (i.e., without reduced search space with PLIs) and whale optimization algorithm (WOA). In terms of global optima, the PLI-WSO findings are superior. In basic 33bus feeder, having 84.78% VAr compensation results in a 34.39 % loss reduction and 33.23 % cost reduction in a 33bus feeder, whereas having maximum 16% of industrial load growth in 10 years, the losses and costs are increased by 24.41 times to the base case, respectively. However, by having optimal VAr compensation, the losses and cost savings are resulted for 8.627% and 8.404%, respectively. Different load increase scenarios showed a similar type of overall benefit, demonstrating the scalability of the suggested methodology for real-time larger systems.