KEI Industries Limited, has made an investment of approximately Rs. 30 Crores in Phase-1 for increasing the capacity of LT Power Cable production at their Chinchpada (Silvassa) Plant. This plant is located in Silvassa, Dadra & Nagar Haveli, and Daman & Diu.
Here are the key details about this investment:
- Existing Capacity (LT Power Cable): 10,800 Kms per year in H1 FY 2023-24.
- Existing Capacity Utilization (LT Power Cable): 74% in H1 FY 2023-24.
- Capacity Addition (LT Power Cable): 10,800 Kms per year.
- The capacity was commissioned on October 31, 2023.
- Investment required: Approximately Rs. 30 Crores.
The financing for this expansion is from internal accruals. This investment has expanded the LT Power Cable production capacity to approximately Rs. 240 Crore per year.
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