KEI Industries Snaps Up Gujarat Land for Future Expansion 🚀

Hey there, finance enthusiasts! 👋 Big news from KEI Industries (NSE: KEI) that’s got us buzzing about their future growth trajectory.

The company has just announced a significant land acquisition that’s set to bolster its manufacturing capabilities. This isn’t just any land deal; it’s a strategic move for future expansion, laying the groundwork for what could be a substantial increase in their operational capacity.

So, what’s the scoop? KEI Industries has acquired an industrial plot spanning a massive 45,964.92 square meters (that’s over 11 acres!) from the Gujarat Industrial Development Corporation (GIDC). This prime piece of land is located at Plot No. 832 to 836 in Sanand – II, Industrial Estate, Ahmedabad, Gujarat. The deal comes with an approximate price tag of ₹23.05 crore.

What does this mean for KEI? Well, this acquisition paves the way for significant capacity addition, allowing them to ramp up production and meet the growing demand for their diverse range of cables and wires. It’s a clear signal of their confidence in future growth and commitment to strengthening their manufacturing footprint in a key industrial hub like Gujarat.

Keep an eye on KEI as they lay the groundwork for what promises to be an exciting phase of expansion! ✨

source: Corporate Announcement

Join our Telegram for instant updates!