Essayer OR - Gratuit
Capex plans, robust demand may keep KEI charged up
Mint Mumbai
|December 31, 2024
KEI Industries Ltd is preparing to carry out its enhanced capital expenditure (capex) guidance.
KEI Industries Ltd is preparing to carry out its enhanced capital expenditure (capex) guidance. The cable and wire company recently completed a fundraise of ₹2,000 crore via a qualified institutional placement (QIP) at ₹3,800 a share.
These funds are expected to help its balance sheet and support its greenfield expansion at Sanand in Gujarat, where it plans a ₹1,800-1,900 crore of capex (in phases) to increase its cable capacity. That is expected to generate additional revenue of ₹5,000 crore by FY28.
Cette histoire est tirée de l'édition December 31, 2024 de Mint Mumbai.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Mint Mumbai
Mint Mumbai
RBI may stay on pause as inflation clouds outlook
A Mint poll suggests the central bank may also maintain its neutral stance
4 mins
June 01, 2026
Mint Mumbai
Pvt Adani co quietly builds ₹50,000-cr orders, eyes buyouts
A little-known Adani Group company has quietly emerged as one of India’s largest infrastructure platforms and is now looking to strengthen its in-house project execution capabilities through acquisitions, according to an India Ratings report of 2 April and an executive familiar with the matter.
2 mins
June 01, 2026
Mint Mumbai
Cash-futures split, likely HFT play signal rebound
The steep market correction in the last 30 minutes of Friday's trading was likely a one-off affair due to a technical index review, with the stage set for a bounce within a narrow 300-point range that the Nifty has largely traded over the past month, analysts said.
3 mins
June 01, 2026
Mint Mumbai
GATES SPENT YEARS CRAFTING HIS IMAGE. NOW IT'S CRACKING.
Revelations of the billionaire philanthropist’s ties to Jeffrey Epstein are eroding efforts to burnish his reputation
13 mins
June 01, 2026
Mint Mumbai
The high-stakes hunt for the next Amazon in the AI haystack
Where will the money be made next in artificial intelligence? Bankers are gearing up to sell SpaceX, Anthropic and OpenAI to investors in a series of giant IPOs. Should investors just buy anything with a hint of AI, or try to find the bottlenecks in the parts of the AI supply chain, the “stack,” where bottlenecks capture more of the value?
3 mins
June 01, 2026
Mint Mumbai
Youthful workers at Infosys are now fewest in 15 years
Almost half of Infosys Ltd’s 320,000 employees are now over 30 years old, the highest in the last 15 years, underscoring the challenges faced by the country's second-largest information technology (IT) services firm as more young people explore careers beyond the IT sector.
3 mins
June 01, 2026
Mint Mumbai
RIL cuts new hires by 90,000 in FY26, headcount nears 420,000
Reliance Industries Ltd (RIL), one of India’s largest employers, may have reduced its new hirings by as much as 90,000 in fiscal year 2026 (FY26) from the previous year.
3 mins
June 01, 2026
Mint Mumbai
Beyond Dalal Street: Why global exposure is key to diversification
Investing in global stock markets is increasingly being seen as a hedge against concentration and currency risks
4 mins
June 01, 2026
Mint Mumbai
The U.S. has found a way to down a drone without spending $1 mn
On a ridge overlooking the South China Sea, a group of U.S. Marines in tactical vehicles took aim at a fixed-wing drone soaring toward them.
3 mins
June 01, 2026
Mint Mumbai
SpaceX, OpenAI fuel Asian AI bets
Investors increasingly honing in on Asian supply chain
2 mins
June 01, 2026
Listen
Translate
Change font size