KEC International wins New Orders of ₹1,017 crore

On July 02, 2024, KEC International Ltd, part of the RPG Group, announced that it has secured new orders worth ₹1,017 crore. These include a significant Solar PV project order in India, marking its largest in the country.

In Transmission and distribution (T&D), the company secured contracts for EPC projects and tower supplies in the Middle East. For Renewables, they won an order for the Balance of System Package for a 625 MWp Solar PV project in Rajasthan from a subsidiary of a prominent PSU in renewable energy.

Mr Vimal Kejriwal, MD and CEO of KEC International Ltd said, “We are delighted with the continuous inflow of orders in the first quarter of the financial year. The prestigious Solar order has reaffirmed our confidence that the Renewable EPC business will contribute significantly to our future growth. The T&D orders in the Middle East have further strengthened our order book in the international T&D market. With these orders, our YTD order intake has surpassed ₹5,000 crores, a remarkable growth of 50% vis-à-vis last year.”

Recently, on June 27, 2024, KEC International Ltd, part of RPG Group, announced orders totalling ₹1,025 crore in the Transmission & Distribution (T&D) and Cables sectors. The orders include projects in India, Africa, and the Americas, such as a 765 kV GIS Substation from Power Grid Corporation of India Limited in India, a 225 kV composite project including transmission lines, substations, and underground cabling in West Africa, and supply contracts for towers, hardware, and poles in the Americas.

About RPG Enterprises

RPG Enterprises, founded in 1979, is a rapidly growing Indian conglomerate with nearly US$5 billion in annual revenue. It is involved in Infrastructure, Tyres, Pharmaceuticals, IT, and technology-driven businesses.

About KEC International Limited

KEC International Ltd, part of RPG Group, is a global leader in infrastructure construction. It operates in the Power Transmission, Distribution, Civil Engineering, Railways, urban development, Renewables, Oil and gas Pipelines, and Cables sectors. The company manages projects in over 30 countries and supplies towers and cables worldwide.

On July 3, 2024, the share price of KEC International Ltd opened at ₹942.90, touching the day’s high at ₹968.80, as of 11:17 AM on the NSE.

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