The purpose of acquiring this land is to establish a greenfield manufacturing facility for the production of electrical cables and wires.
KEI Industries is involved in manufacturing low tension, high tension and extra high voltage cables, along with control and instrumentation and specialty cables, house wires and stainless-steel wires.
KEI Industries reported 19% rise in consolidated net profit to Rs 138.10 crore on a 9% increase in net sales to Rs 1954.53 crore in Q4 FY23 over Q4 FY22.