New Delhi, January 16, 2018: House and power cable manufacturer KEI Industries is expected to grow 35-40 per cent in the house wire and cable segment during the next financial year.

 

Riding on robust and healthy earnings for the quarter ended September 2018, the company hopes to drive on its house wires and cables segment during this fiscal period. The company’s Q2 sales in house wire segment has been registered at Rs 209 crore in FY19 as against Rs 131 crore in the corresponding period of last fiscal. Similarly, its sales during H1 FY19 were reported at Rs 389 crore from Rs 236 crore.  Further, its sales during the H1 in the house wire swelled 64.83 per cent over the last financial year.

 

Anil Gupta, Chairman and Managing Director, KEI Industries Ltd said, “Our company has registered a phenomenal growth in retail sales business in FY18-19 till now. Last year it was around Rs 1,086 crore and with more demand coming from the users, we are hopeful to exceed 40 per cent in the next two years. We also expect a potential growth in our house wire segment. With the new affordable housing schemes coming up and with a rise in the real estate business as the demand of actual buyers for personal and official use is increasing, this has helped us to scale-up with this growing demand for house wires. KEI’s house wires also contribute to government’s vision for affordable housing as these products are being used by many developers under affordable housing schemes.”

 

The company is optimistic about its growing market in house wires and cables as they are energy efficient and meet the highest-level of safety for domestic and commercial usage. With over 1,300 dealers pan India, the company’s retail sales have grown to almost 33 per cent of their turnover in terms of its total sales.

 

The company in the house wires segment offers Homecab-FR which stands synonymous to safety. These cables are used for wiring domestic and commercial buildings. These cables are of utmost quality in electrical and mechanical properties along with being accredited with global standards. A fine-drawn multi strand conductor provides enhanced flexibility and makes it ideal for concealed wiring. It is suitable for installation in lighting fittings and appliances up to 1100 v (A.C). The product has higher flexibility and ensures easy handling while guaranteeing a much longer life thus attracting a new generation of real estate developers.