On November 29, 2024, KEC International announced securing ₹1,040 crore worth of new transmission and distribution (T&D) orders globally, including contracts for supplying towers and poles in the Americas.
KEC International’s latest orders highlight its strategic focus on international markets.
The company will supply transmission towers, hardware, and poles in the Americas, while in the Commonwealth of Independent States (CIS) region, it will construct 220 kV transmission lines.
These projects emphasise KEC’s expertise in delivering complex energy infrastructure solutions.
This development demonstrates the company’s capability to address diverse requirements in global T&D sectors, further strengthening its international portfolio.
Mr. Vimal Kejriwal, the MD & CEO of KEC International Ltd., commented that SAE Towers, a subsidiary of the company, had secured multiple orders across the USA, Mexico, and Brazil, indicating an increase in the American T&D market.
He added that with these new orders, the company’s year-to-date order intake had surpassed ₹17,300 crore, reflecting an impressive growth of approximately 75% compared to the previous year.
KEC International reported a significant 53% year-on-year growth in its net profit, reaching ₹85.4 crore for the second quarter ending on September 30, 2024, against ₹55.8 crore in the same quarter of the previous year.
The company’s revenue from operations saw a rise of 13.7%, totalling ₹5,113.3 crore, compared to ₹4,499 crore in the same period last year.
At the operational level, EBITDA grew by 16.7% to ₹320.2 crore in Q2 of this fiscal year, up from ₹274.4 crore in the corresponding quarter of the previous year.
KEC International Ltd. is a prominent global infrastructure company, part of the RPG Group, which was founded in 1945. The company specializes in Engineering, Procurement, and Construction (EPC) services across various sectors, including Transmission & Distribution (T&D), Railways, Civil, Power Systems, and Renewable Energy.
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.
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
