Rajeev Gupta, director finance of KEI Industries, in an interview on CNBC-TV18 spoke about the latest happenings in his company and sector..
KEI Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on May 19, 2010, inter alia, to consider and approve the Audited Financial Accounts for the financial year ended March 31, 2010.
The Rs 1,085-crore KEI holds around 10% market share in the Rs 15,000-crore Indian cables market. Earlier this month, KEI entered into a technological collaboration with Swiss firm Brugg Kables AG to make extra-high-voltage (EHV) cables with capacity of up to 220 kv in India. The Indian cable industry grows at a CAGR of 20-25%.
Friday, Jan 08, 2010
KEI Industries has entered into a foreign technical collaboration agreement and trademark license agreement with Brugg Kabel AG, Switzerland — a 110-year old group. The company has received the approval from its board of directors for the alliance.
Continue reading KEI Industries enters into technical collaboration with Brugg Kabel AG
Wednesday, Jan 06, 2010
KEI not only maintained its sales at Rs. 1055.76 cr, a 7.65% growth in 2008-09 over the previous year, but more importantly worked relentlessly on delivering on its promises & plans, which is a testament of the inherent strength and character of the company. Despite inadequacies of profits, the board has recommended a dividend payout, with the objective of rewarding shareholders for the trust they have shown in KEI at all times.
Continue reading KEI Industries net profit rises 134.57% in the September 2009 quarter
Friday, Jul 31, 2009
KEI Industries said ON Friday, its April-June net profit was 30.2 million rupees (US$ 631,622), on the net sales of 1.8 billion rupees (US$37,686,331).
The year-ago comparative figures were not immediately available.
KEI Industries said on Monday that it inaugurated a new plant for manufacturing of HT and LT power cable at Chopanki, dist. Alwar in Rajasthan.
The plant has a production capacity of 10,000 km and will generate revenue of approximately Rs 3 billion annually, at its full productivity.
KEI is a manufacturer of power, control, instrumentation and specialty cables for the power, industrial, residential and commercial sectors. The company has established its position as a front runner in this business due to its cost effective, reliable and quality products, reflected in its approval from customers on stringent technical requirements
Shares of the company declined Rs 0.25, or 0.31%, to trade at Rs 80.9. The total volume of shares traded was 91,624 at the BSE.
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