KEC International Expands Global Footprint with ₹1,025 Crore T&D and Cable Orders

On June 26, 2024, KEC International Ltd announced in a stock exchange filing that it had secured new orders worth ₹1,025 crore in its Transmission & Distribution (T&D) and Cables businesses.

Transmission & Distribution:

KEC International has received significant orders for T&D projects across India, Africa, and the Americas. These include:

1. India: A major order from Power Grid Corporation of India Limited (PGCIL) for a 765 kV Gas-Insulated Substation (GIS).
2. West Africa: A 225 kV composite project encompassing constructing transmission lines, substations, and underground cabling.
3. Americas: Orders for the supply of transmission towers, hardware, and poles.

Cables:

KEC International’s cables business has also secured orders for supplying various types of cables both within India and internationally. These orders highlight the company’s strong presence and reputation in the cables market, where it meets diverse requirements across different geographies.

Commenting on these significant orders, the Managing Director and CEO of KEC International Ltd, Mr Vimal Kejriwal, said, “We are pleased with the continuous inflow of orders, especially in our T&D business. The orders in T&D have substantially expanded our order book in both domestic and international markets.”

He further added that with the current orders, the company’s year-to-date (YTD) order intake has exceeded ₹4,000 crore, reflecting an impressive growth of over 70% compared to last year. These new orders, along with those previously announced this year, bolster their confidence in meeting their projected growth targets.

These new orders further solidify KEC International’s position as an important player in the global infrastructure sector, driving growth and development in critical power transmission and distribution networks across multiple continents.

About KEC International Limited

KEC International is a leading global infrastructure Engineering, Procurement, and Construction (EPC) company. It operates in various sectors including Railways, Power Transmission and Distribution, Civil, Solar, Urban Infrastructure, Oil & Gas Pipelines, and Cables. Currently, the company is executing infrastructure projects in over 30 countries and has a presence in more than 110 countries (covering Supply of Towers, Cables and EPC). It is the flagship company of the RPG Group.

On June 27, 2024, the share price of KEC International Ltd opened at ₹938.00, touching the day’s high at ₹950.00, as of 9:34 AM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.