KEI may Begin a Greenfield Construction by 2021
Kei Industries Ltd., a leading wire & cable manufacturer may start a new Greenfield construction in 2021 with an investment of around Rs. 400-500 Cr.
Recently the company had raised Rs. 500 crore through Qualified Institutional Placement (QIP) of shares.
Anil Gupta, CMD, KEI Industries Ltd, in an interview with Zee Business on 18th February 2020 mentioned that the new project will be to increase cable manufacturing capacities by 50-60%. He also mentioned “We are conceiving a product mix of each segment – namely extra-high voltage cables, high-tension/medium voltage cables and low-tension cables – in it”.