Capex plans, robust demand may keep KEI Industries charged up
1 week, 3 days ago

Capex plans, robust demand may keep KEI Industries charged up

Live Mint  

KEI Industries Ltd is preparing to carry out its enhanced capital expenditure guidance. These funds are expected to help its balance sheet and support its greenfield expansion at Sanand in Gujarat, where it has plans for ₹1,800-1,900 crore of capex to increase its cable capacity. “Its cable capacity increased about 36% and wires capacity 27% in H1FY25 compared to FY24-end capacity," said a Motilal Oswal Financial Services report dated 27 December. Motilal Oswal expects KEI’s cumulative capex to outpace its cumulative operating cash flow over FY25-27 and estimates free cash outflow of ₹630 crore and ₹21.6 crore in FY25 and FY26, respectively, with free cashflow of ₹170 crore in FY27. Adjusting to enhanced equity share capital and the revised capex plans, Systematix expects a 18% and 20% compound annual growth rate in revenue and Ebitda over FY24-27E.

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Increased Capex on Infra to Spur Steel Demand, Attract investments, Say Experts
11 months ago

Increased Capex on Infra to Spur Steel Demand, Attract investments, Say Experts

Deccan Chronicle  

NEW DELHI: The increased capex on infrastructure in the budget will spur domestic steel demand, attract investments and create job opportunities, industry players and experts said. Anubhav Kathuria, Director, Synergy Steels said the expansion of PM-Awas Grameen Yojana to 2 crore more houses and the conversion of 40,000 existing railway bogies to Vande-Bharat standards besides the three new railway economic …

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