Announced Mon, 3 Aug · 20:15 IST
KEI Industries Board approves Rs 700 crore capacity expansion in Rajasthan
KEI · price
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AI summary
KEI Industries board approved capacity expansion at a new unit in Salarpur, Rajasthan. The project will add 50,000 KMS of cables and 40,000 MT of GI wires annually, to be operational by September 2028 in phases. Total investment is about Rs 700 crore, funded through internal accruals. Current capacity utilization ranges from 45 percent to 91 percent across product lines. The expansion aims to meet growing demand.
Likely market impact
Significant Rs 700 crore capex signals growth ambitions. Funded internally, so no debt burden. Long-term capacity boost expected by Sep 2028.