KEI Industries Share Price

KEI Industries Ltd

KEI Industries Limited, initially known as Krishna Electrical Industries, was established in 1968 as a partnership firm. The company made its mark as a manufacturer of electrical cables and wires. Over the years, KEI Industries expanded its business operations and manufacturing capabilities, eventually converting into a public limited company on December 31, 1992. From its early days, KEI has been dedicated to providing high-quality wire and cable solutions that cater to a wide variety of sectors. The company is now recognized as one of India's leading manufacturers in its domain, providing wire and cable products that are essential for power, infrastructure, real estate, and various industrial applications.

Product Portfolio and Manufacturing Facilities

KEI Industries has grown substantially over the years and now boasts an extensive product range. The company manufactures Low Tension (LT) cables, High Tension (HT) cables, Extra High Voltage (EHV) cables, House Wires (HW), Winding Wires (WW), and Stainless Steel Wires (SSW). These products serve a variety of industries including real estate, infrastructure, power, steel, fertilizer, transportation, and energy. The company is involved in producing cables that support critical systems in these sectors, ensuring safety, efficiency, and reliability.

KEI has a significant manufacturing presence in India, with five plants located strategically in Bhiwadi, Chopanki, Pathredi in Rajasthan, and Silvassa and Chinchpada in Dadra and Nagar Haveli, as well as Daman and Diu. These facilities enable the company to efficiently meet the growing demand for cables and wires across domestic and international markets. Additionally, KEI's manufacturing plants conform to international standards and hold various quality certifications, including ISO 9001:2015 for quality management, ISO 14001:2015 for environmental management, and OHSAS 18001:2007 for occupational health and safety management.

Diverse Market Reach and Export Business

The company's reach extends beyond the borders of India. KEI Industries exports its products to over 50 countries, making it a key player in the global cable market. With offices and marketing presence in countries such as Australia, Singapore, Dubai, Abu Dhabi, Nigeria, Gambia, Nepal, and South Africa, KEI has established a robust international presence. This allows the company to cater to global markets, forging strong relationships with international clients in key sectors like oil and gas, renewable energy, power, and infrastructure.

KEI's extensive distribution network also includes 23 depots and over 1,900 dealers and distributors across India. The company's products have earned international acclaim and are tested to meet rigorous global standards. Testing agencies like KEMA (The Netherlands), FGH (Germany), and TUV Rheinland validate the company's products, ensuring they meet stringent quality and safety benchmarks.

Innovation and Expansion in Manufacturing

KEI Industries has continually focused on expanding and modernizing its manufacturing capabilities. In 1985, the company began manufacturing Control, Instrumentation, and Thermocouple Cables, and in 1993, it expanded its range to include PVC/XLPE Power cables up to 3.3 KV. The company further diversified its portfolio in 1994 by entering the Stainless Steel Wire (SSW) manufacturing business, with the installation of a major plant in Bhiwadi.

Over the years, KEI continued to scale its operations. By 1996, it set up a plant for manufacturing Stainless Steel Wires in Bhiwadi, and just a year later, expanded its offerings to include LT PVC/XLPE cables. In 2001, KEI began manufacturing rubber cables up to 11 KV, followed by the establishment of a Jelly Filled Telecom Cables (JFTC) plant at Silvassa in 2002. In 2006, the company expanded its capabilities to produce HT XLPE cables up to 33 kV, using the dry curing inert nitrogen gas method and a triple extrusion process. This expansion laid the foundation for future growth, enabling KEI to supply higher voltage cables to meet the evolving needs of the power sector.

Technological Advancements and ERP Implementation

In 2006, KEI Industries introduced the ERP Baan software system, which helped streamline operations, ensuring transparency and efficiency across the organization. This initiative enhanced the company's ability to manage resources, production schedules, and inventory, thereby improving overall operational performance. KEI also focused on integrating the latest technologies to stay ahead of the competition in the cable manufacturing industry.

By 2007, the company further upgraded its facilities, including the Bhiwadi unit, to manufacture HT power cables up to 132 kV. In the same year, KEI earned a Corporate Governance Rating, which reflected its commitment to ethical business practices and transparency. KEI's focus on infrastructure development led to the initiation of its Engineering, Procurement, and Construction (EPC) operations in 2007, marking a new chapter in the company’s growth. This move helped KEI secure prestigious orders for various power transmission and distribution projects across India.

Global Collaborations and High Voltage Cable Manufacturing

One of the defining moments in KEI's growth was in 2010 when it began the manufacturing of EHV cables up to 220 kV, in technical collaboration with the Switzerland-based Brugg Kabel A.G. This partnership enabled KEI to produce high-quality cables that meet international standards and cater to large-scale infrastructure projects, especially in the power sector. The company's focus on innovation continued with the commissioning of a new 400 kV EHV cables production line at its Chopanki unit in January 2017. This expansion significantly boosted KEI's capacity to meet the growing demand for high-voltage cables in both domestic and international markets.

Strategic Growth and Capacity Expansion

The years from 2016 onward were characterized by KEI Industries' aggressive growth strategy. In 2016, the company focused on expanding its dealer and distributor network, adding 98 new distributors and dealers, which helped strengthen its retail presence across India. KEI also launched several dealer incentive schemes, including the gold coin scheme and international trips for top-performing dealers, to enhance channel partner engagement.

In 2019, KEI expanded its capacity for HT and LT cables at its Pathredi unit in Rajasthan. The company also broadened its marketing network by setting up a new office in Africa, further solidifying its presence in the global market. During the pandemic years of 2020 and 2021, KEI continued to grow its channel partner strength and expanded its manufacturing capacities, including a new facility at Chinchpada, Silvassa, for the production of EHV cables. This facility helped KEI meet the increased demand for cables, particularly for high-voltage transmission projects.

Recent Developments and Future Prospects

KEI Industries has maintained its growth trajectory into 2023. The company acquired 70 acres of land in Gujarat for setting up a new plant dedicated to the production of LT, HT, and EHV cables. This new facility is part of KEI's strategic expansion plan to enhance its manufacturing capabilities and cater to the increasing demand for its products.

With an expanding dealer and distributor network that now exceeds 1,900 channel partners, KEI is well-positioned to continue its growth in the coming years. The company has shown resilience and adaptability, ensuring that it remains a leading player in the cable manufacturing industry.

As a publicly traded company, KEI Industries is also closely followed by investors and analysts. The performance of KEI Industries Share Price reflects the company’s strong fundamentals, expansion strategy, and its consistent growth in both domestic and international markets.

KEI Industries’ commitment to quality, innovation, and customer satisfaction has made it a trusted brand in the wire and cable industry. With a strong market presence, technological advancements, and a robust distribution network, KEI is poised for continued success in the global cable manufacturing industry.