KEC International Bolsters Order Book With New Work Worth ₹1,036 Crore

KEC International Ltd, a leading global engineering, procurement, and construction (EPC) company and a part of the RPG Group, recently announced a significant win, securing new orders valued at ₹1,036 crore across its diverse business segments. This achievement signifies a positive development for the company and strengthens its order book.

Diversification Drives Growth

The new orders demonstrate KEC International’s expertise and capabilities across various infrastructure sectors:

1. Transmission & Distribution (T&D): This business segment secured orders for T&D projects in both the Middle East and the Americas. Specifically, the company will be involved in:

• Setting up overhead transmission lines in the United Arab Emirates (UAE)
• Supplying towers, hardware, and poles in the Americas

2. Railways: The railways business segment bagged an order for additional work in the conventional segment within India. This indicates KEC International’s continued contribution to developing India’s railway infrastructure.

3. Cables: The cables business segment further expanded its portfolio by securing orders for the supply of various types of cables, fulfilling both domestic and international demands.

Strategic Expansion and Market Presence

The new orders in the T&D segment, particularly the project in the UAE, highlight KEC International’s strategic focus on expanding its footprint in the Middle East. Additionally, securing orders in the Americas demonstrates the company’s ability to compete and win projects on a global scale.

Overall Impact

This recent order win of ₹1,036 crore strengthens KEC International’s order book and reflects the company’s well-diversified business portfolio. Their expertise across various infrastructure sectors positions them competitively to secure future projects and contribute to developing critical infrastructure across India and international markets.

“We are pleased to begin the financial year with prestigious order wins, particularly in our T&D business. These order wins have significantly enhanced our order book in the International T&D market and further strengthened our presence in the Middle East. The order inflows at the start of the financial year reaffirm our confidence in achieving the targeted order intake for the year,” said Mr Vimal Kejriwal, MD & CEO of KEC International Ltd.

About KEC International Limited

KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) company. KEC enjoys a rich presence in the verticals of Power Transmission and Distribution, Railways, Civil, Urban Infrastructure, Solar, Oil & Gas Pipelines, and Cables. On April 30, 2024, KEC International shares opened at ₹763.85 and touched the day high of ₹778.60 at 10:05 AM.

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.