Company Directory - KEI Industries Ltd
Company Details - KEI Industries Ltd
KEI Industries Ltd
WebsiteVadodara, India
KEI Industries Ltd is a cable and wire manufacturing company that produces an extensive range of electrical cables, wires, and related products for industrial, commercial, and domestic applications. The business is actively navigating competitive market pressures, continually innovating its product portfolio to meet evolving customer requirements.
CCI Score
CCI Score: KEI Industries Ltd
0.74
Latest Event
KEI Industries Sustainability Report Analysis
Analysis of KEI Industries Limited's Business Responsibility and Sustainability Report (FY 2023-24) showing a strong commitment to ESG principles, labor rights, fair supply chain practices, and transparent CSR initiatives.
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OBJECTOR
KEI Industries Ltd is currently rated as an Objector.
Latest Events
- AUG012024
Analysis of KEI Industries Limited's Business Responsibility and Sustainability Report (FY 2023-24) showing a strong commitment to ESG principles, labor rights, fair supply chain practices, and transparent CSR initiatives.
+80
Business Practices and Ethical Responsibility
March 21
KEI Industries' detailed sustainability report demonstrates robust ESG practices including effective labor relations, strict adherence to human rights, proactive supply chain ethics, and comprehensive corporate responsibility initiatives. These measures usher in positive ethical business practices and strengthen stakeholder trust. While there is negligible information regarding political activities or repressive technology, the positive business practices reflect a commitment to responsible conduct, yielding a strong score in this category.
Business Responsibility and Sustainability Report FY 2023-24
- JUN302024
KEI Industries recently ended a labour strike at its Rakholi and Chinchpada units. However, management's dismissal of the workers' demands for higher wages by labeling them as 'completely unwarranted' raises concerns about the company's commitment to fair labor practices and respect for worker rights.
-50
Labor Relations and Human Rights Practices
March 21
The decision to end the strike without adequately addressing the workers' justified demands, and the management's dismissive stance toward higher wages, indicate potential systemic issues in the company's labor relations practices. This is concerning from an ethical standpoint, as fair treatment of workers is essential to counter oppressive and authoritarian practices in corporate settings.
KEI Industries share rises 3%, as labour strike ends, limiting production loss to ₹10 crore
- JUN202024
KEI Industries Ltd has encountered a significant labor strike over a wage dispute at its Rakholi and Chinchpada plants, leading to an estimated production loss of ₹8 crore per day. The company's dismissal of the wage demands as 'completely unwarranted' raises concerns about its commitment to fair labor practices and respect for worker rights.
-70
Labor Relations and Human Rights Practices
March 21
The labor strike and wage dispute at KEI Industries highlight serious issues in labor relations and human rights practices. The company's characterization of workers' grievances as 'completely unwarranted' reflects problematic management attitudes towards fair wages and safe working conditions, aligning with broader concerns regarding worker exploitation under authoritarian-friendly practices. This negative rating emphasizes the company's failure to respect and protect labor rights.
This top wire and cable maker in India is losing Rs 8 crore a day over a wage row
- JUN192024
KEI Industries announced a partial production halt at its Rakholi and Chinchpada plants due to a labour strike starting June 19, 2024. The ongoing dispute with labour contractors underscores challenges in maintaining fair worker relations, as the company’s negotiations indicate an underlying conflict in labor practices.
-30
Labor Relations and Human Rights Practices
March 21
The labour strike at KEI Industries’ Rakholi and Chinchpada plants points to significant issues in labor relations and human rights practices. The production halt and ongoing negotiations suggest that workers’ concerns are not being proactively addressed, which is concerning from an anti-fascist perspective that prioritizes fair labor rights and protections. Although the company is engaging in dialogue with labour contractors, the fact that a strike occurred indicates systemic issues in worker treatment.
- AUG012023
KEI Industries Ltd's 2022-23 Business Responsibility and Sustainability Report details strong labor relations practices, ethical supply chain requirements, and robust human rights and environmental policies. The report emphasizes extensive worker safety measures, grievance redressal mechanisms, and adherence to sustainable sourcing, reflecting a positive stance against exploitative practices often linked with authoritarian economic models.
+80
Business Practices and Ethical Responsibility
March 21
KEI Industries Ltd provides detailed disclosures on its adherence to labor rights, human rights, and sustainable supply chain practices. Their comprehensive CSR report outlines robust measures for employee safety, grievance handling, and environmental compliance, which collectively contribute to responsible business practices. This transparency and commitment significantly mitigate risks of complicity in exploitative or authoritarian practices.
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