KEI Industries CMD Anil Gupta To NDTV Profit: Cable Demand Strong, Competition May Pressure Wire Mar
Speaking to NDTV Profit, KEI Industries CMD Anil Gupta said demand for cables remains strong and the market has enough room for new entrants. He expects some price pressure on wires amid competition and said KEI will respond if rivals cut prices. Gupta said the company will assess UltraTech's entry over the next two quarters but does not expect an impact on growth.
