KEI Industries Update On Expansion Plans
KEI Industries Limited had announced updates on the expansion plans. Further details are as under:
Pathredi: 1st Phase of LT Power Cable has already been completed/commissioned and in 2nd Phase, HT Power Cable expansion will be completed by February-March 2019 with the cost of Rs. 30-35 Crore which will enhance the capacity of HT Power Cable by Rs. 200 Crore.
Silvassa: Company has bought Land & Building with an investment of Rs. 16 Crore for expansion of House Wires capacity. In 1st Phase, Company will spend approx. Rs. 45 Crore (FY 2018-19 & 2019-20) for Capacity of Rs. 300 Crore and in 2ndPhase Company will spend approx. Rs. 30 Crore (during FY 2019-20) which will add further capacity of Rs. 300 Crore for House Wires.