मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
Capex plans, robust demand may keep KEI charged up
Mint Hyderabad
|December 31, 2024
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.
The company has been expanding its cable and wire capacities across facilities. "Its cable capacity increased about 36% and wires capacity 27% in H1 FY25 compared to FY24-end capacity," said a Motilal Oswal Financial Services report dated 27 December.
KEI commissioned brown-field facilities at Chinchpada and Pathredi in H1, which it believes will facilitate revenue growth of 16-17% for FY25. Its revenue grew 17% year-on-year (y-o-y) in FY24.
यह कहानी Mint Hyderabad के December 31, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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