Prøve GULL - Gratis
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.
Denne historien er fra December 31, 2024-utgaven av Mint Hyderabad.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Hyderabad
Mint Hyderabad
Dell bets on India's high-growth market
Identifying India as one of its most strategic and high growth markets globally, American tech giant Dell Technologies is betting on the country’s scale, young demographic, and rapid digital adoption to drive the next era of intelligent computing.
1 min
January 07, 2026
Mint Hyderabad
Wipro adds office space at Mumbai's Airoli hub
Information technology (IT) major Wipro has increased its presence in the Mumbai Metropolitan Region, leasing 145,157 sq. ft of office space for five years at Mindspace Business Parks in Navi Mumbai's Airoli East.
1 min
January 07, 2026
Mint Hyderabad
Consulting firms ramp up hiring at top-tier B-schools
at B-schools.
2 mins
January 07, 2026
Mint Hyderabad
Tech solutions exist to mitigate KYC data leakage risks
Today, more than half of all data breach incidents target personally identifiable information—tax identities, passport numbers, biometric data and the like.
3 mins
January 07, 2026
Mint Hyderabad
Modulus taps UBS for private credit biz
Modulus Alternatives Investment Managers hired a veteran banker from UBS Group AG to lead its private credit business, according to people familiar with the matter, as demand for talent in the sector heats up.
1 min
January 07, 2026
Mint Hyderabad
Domestic steelmakers raise prices after safeguard duty
Steel price increases are expected to support the profitability of Indian steelmakers
2 mins
January 07, 2026
Mint Hyderabad
Turbulence behind, year of repair ahead for India’s top two airlines
After a challenging 2025, experts say Air India and IndiGo need to regain trust of passengers this year
4 mins
January 07, 2026
Mint Hyderabad
Can my will provide for my pet's future care and maintenance?
Given my bonding with my pet, how can I provide for its care and maintenance through my will?
1 mins
January 07, 2026
Mint Hyderabad
TVs ward off smartphone threat with AI
Uber robotaxis are on their way in, in 2026—and other AI news this week
1 min
January 07, 2026
Mint Hyderabad
India's fertilizer policy needs a fruitful rehaul
Our subsidy framework is a formula for fiscal waste, inefficiency, ecological damage and health hazards. Let's adopt direct cash transfers to farmers and market determined usage
2 mins
January 07, 2026
Listen
Translate
Change font size