KEC International Secures ₹1,422 crore in New T&D Orders

On July 24, 2024, KEC International Ltd., a leading global infrastructure EPC company and part of the RPG Group, received new orders worth ₹1,422 crore for Transmission and distribution (T&D) projects in India and the Americas. These include Orders for 765 kV and 400 kV transmission lines in India from Power Grid Corporation of India Limited (PGCIL) and the supply of substation structures in the United States.

Mr Vimal Kejriwal, MD and CEO of KEC International Ltd, commented, “We are delighted with the continued success in our T&D business, driven by a series of significant order wins. Our order book in India T&D continues to grow on the back of the prestigious orders secured from PGCIL. We are also encouraged by our largest order for the supply of substation structures in the USA. With these, our YTD order intake has surpassed ₹7,500 crore, a remarkable growth of over 70% vis-à-vis last year. These orders along with the orders announced earlier during the year, will substantially contribute towards our targeted growth going forward.”

Financial Highlights

In its Q4 results, KEC International Ltd’s topline grew by 11.58% YoY, while profit surged by 110.27% YoY. Compared to the last quarter, revenue increased by 23.13% and profit rose by 56.65%.

Selling, general, and administrative expenses fell by 5.01% quarter-over-quarter but rose by 1.03% year-over-year. Operating income was up 31.13% QoQ and 40.41% YoY. The EPS for Q4 stands at ₹5.9, marking a 110.2% YoY increase.

About RPG Enterprises

RPG Enterprises is one of India’s fastest-growing business groups, with a turnover of $4.8 billion. The group has diverse interests, including Infrastructure, Tyres, Pharmaceuticals, IT, Specialty sectors, and emerging technology businesses.

About KEC International Limited

KEC International is a leading global company specialising in Engineering, Procurement, and Construction (EPC) for infrastructure projects. The company operates in various sectors, including Power Transmission and Distribution, Civil Engineering, Railways, urban infrastructure, Renewables, Oil and gas Pipelines, and Cables. KEC is currently working on projects in over 30 countries and has a presence in more than 110 countries. It is the flagship company of the RPG Group.

On July 24, 2024, the share price of KEC International Ltd opened at ₹885.10, touching the high price of ₹899.60 as of 12:28 PM on NSE.

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