Raval’s steel firm ventures into renewable energy with an ambitious $1.9-million wind farm project.
Devki Group
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Raval founded Devki Group in Nairobi in 1986 as a small steel-processing and trade enterprise.
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Raval disclosed that his company’s monthly outgoings tally up to about $14.9 million.
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Raval was reported to have a net worth of $400 million in 2015.
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Raval founded Devki Group with his wife in Nairobi in 1986 as a small steel-processing company.
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Kenyan tycoon Narendra Raval’s Devki Steel Mills applies for electricity supply license in Kenya
Raval was reported to have a net worth of $400 million in 2015.
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AfDB withdraws multimillion-dollar funding after Kenya’s Moi family buys back stake in power plant
The Moi family is said to be Kenya’s second-largest landowner.
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Narendra Raval’s Devki Group counts on new plant to cut cement prices in Kenya
by Ishioma Emiby Ishioma EmiIncreased productivity will see the company pass on the resultant price benefits to consumers.
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The multimillionaire has invested $16.7 million in upgrading the unit.
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Founded in 1971, Mumias Sugar was once the largest sugar manufacturer in Kenya.