KEI Industries Updates on Expansion Project at Bhiwadi, Rajasthan

KEI Industries Ltd has announced that the Company has purchased approx. 5 acres of land measuring 19,129 sq. mtrs behind its existing LT / HT facilities at Bhiwadi, District Alwar, Rajasthan.

The main objective of this land acquisition is to embark on further expansion of existing production of LT / HT cables and also to upgrade HT power cable manufacture up to 132 KV (up from 66 KV in existing plant) through the installment of balancing equipments.

The key benefits of this expansion and up-gradation project are that it will help the Company report higher utilization levels, facilitate better operational controls, translate into significant savings on manufacturing and administrative overheads and most importantly, lay the foundation for taking on and executing high value EPC projects.

The cost of this project is estimated to be in the range of Rs 30-35 crores for purchase of land, plant and machinery with the approximate revenue contribution pegged at Rs 150-200 crores.

This project is expected to commence operations within the next 7-8 months.

Source : Equity Bulls

Keywords