KEC International Secures Rs. 1,079 Crore in New Orders for T&D and Cables Business

Team FS

    23/Aug/2024

Key Points:

1. KEC International has received new orders worth Rs. 1,079 crores in the Transmission & Distribution (T&D) and Cables sectors.

2. The orders include T&D projects in India, Saudi Arabia, Oman, the UAE, and supply contracts in the Americas.

3. YTD order intake for KEC International has exceeded Rs. 8,700 crores, showing a 60% increase from the previous year.

KEC International Ltd., a prominent global infrastructure EPC (Engineering, Procurement, and Construction) player and part of the RPG Group, has recently announced a significant achievement. The company has secured new orders totaling Rs. 1,079 crores across its Transmission & Distribution (T&D) and Cables businesses. This development underscores KEC International's robust growth trajectory and expanding global footprint.

Transmission & Distribution (T&D) Projects

KEC International's T&D division has been awarded several notable projects both within India and internationally. These new orders encompass a diverse range of projects:

i. India: A prestigious 765 kV/400 kV transmission line order from a prominent private developer. This project enhances KEC’s presence in the Indian T&D market and diversifies its clientele.

ii. Middle East: Orders for 230/132 kV transmission lines have been secured in Saudi Arabia and Oman. Additionally, the company has been entrusted with the upgradation of an existing 400 kV transmission line in the United Arab Emirates (UAE).

iii. Americas: The business has also received orders for the supply of towers, hardware, and poles.

Cables Business Expansion

In the cables sector, KEC International has been awarded contracts for the supply of various types of cables. These orders span across both domestic and international markets, further strengthening the company’s global market presence.

CEO’s Remarks

Mr. Vimal Kejriwal, Managing Director and CEO of KEC International Ltd., expressed his satisfaction with the steady inflow of new orders. He highlighted the importance of the Indian T&D project from a private developer, which not only boosts the company’s standing in the domestic market but also diversifies its client base. The CEO also emphasized the significant growth in the international T&D order book, particularly in the Middle East.

Growth and Future Outlook

With these new orders, KEC International's year-to-date (YTD) order intake has exceeded Rs. 8,700 crores. This represents a substantial growth of approximately 60% compared to the previous year. The company’s robust performance and expanding order book reflect its strategic positioning and operational excellence in the global infrastructure sector.

Conclusion

KEC International Ltd.'s recent order wins mark a notable milestone in its ongoing growth journey. The significant contracts across diverse geographies and sectors highlight the company’s strong market position and capability to undertake large-scale projects. As KEC International continues to secure major orders and expand its global footprint, it remains well-positioned to capitalize on emerging opportunities in the infrastructure domain.

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