KEC International Wins New Orders Worth Rs. 1,073 Crores to Strengthen Infrastructure Growth

Team Finance Saathi

    30/Dec/2024

What's covered under the Article:

  1. KEC International has secured new orders worth Rs. 1,073 crores across its core business verticals.
  2. Notable order wins include Transmission & Distribution projects in the Middle East and SAARC region, and a passenger ropeway project in the Northeast.
  3. The company’s order book now exceeds Rs. 40,000 crores, reflecting strong growth and expansion.

KEC International Ltd., a prominent global infrastructure EPC (Engineering, Procurement, and Construction) major and a part of the RPG Group, has recently secured new orders worth Rs. 1,073 crores. These orders span across multiple business verticals, further strengthening the company's position in the global infrastructure market. This is a part of KEC’s ongoing efforts to expand its market reach and bolster its presence in key sectors like Transmission & Distribution (T&D), Civil, Transportation, and Cables.

Breakdown of New Orders

The Transmission & Distribution (T&D) sector remains one of KEC’s strongest segments, with new orders secured in the Middle East and the SAARC region. These international wins will not only enhance KEC’s foothold in the international market but also contribute to the company’s growing T&D order book. With this expansion, KEC International is well-positioned to offer solutions to emerging markets with high demand for power infrastructure.

In the Civil sector, KEC has secured several orders within the industrial segment in India, demonstrating its capacity to cater to the expanding needs of infrastructure development in the country. These projects are expected to play a pivotal role in the company’s contribution to India’s growing infrastructure landscape.

In a significant move, the company has also entered the Transportation sector with its first ropeway project in a joint venture (JV) for the design, supply, and construction of a passenger ropeway in the North-East India. This is an exciting development, as ropeways are becoming increasingly popular in regions with difficult terrain, contributing to both tourism and transportation infrastructure in India.

Lastly, KEC’s Cables division has secured multiple orders for supplying various types of cables, both domestically and internationally. These orders will help further diversify KEC’s portfolio and contribute to its global growth.

Strong Order Book and Future Outlook

Following these new order wins, KEC International’s year-to-date (YTD) order intake now stands at an impressive Rs. 18,400 crores, marking a remarkable 60% growth compared to the previous year. This surge in orders has bolstered the company's order book, which, combined with the L1 position (bids where the company is the lowest bidder), now exceeds Rs. 40,000 crores.

Mr. Vimal Kejriwal, Managing Director & CEO of KEC International, commented, “We are pleased with the various orders secured across our business verticals. We are particularly enthused by our maiden order in the growing segment of ropeways. With the recent wins in the Middle East and SAARC, we have bolstered our international T&D order book, further solidifying our already strong domestic order book. These wins reflect our commitment to global expansion and growth. With a promising pipeline of tenders, we have clear visibility of sustained growth in the coming quarters.”

This growing order book provides KEC with enhanced visibility of growth and positions the company to leverage emerging opportunities in global markets. The uptick in order intake and the robust order pipeline signals a positive trajectory for the company, which is now poised for accelerated growth in the coming months.

About KEC International

Founded as a global EPC major, KEC International operates across various sectors, including Power Transmission & Distribution, Civil, Railways, Urban Infrastructure, Renewables, Oil & Gas Pipelines, and Cables. With a presence in over 30 countries and a footprint in more than 110 countries, KEC has demonstrated remarkable growth and expansion in the global infrastructure sector. The company’s operations are supported by a dedicated workforce and cutting-edge technology, ensuring it remains a market leader in the EPC domain.

About RPG Enterprises

RPG Enterprises, the parent company of KEC International, is one of India’s fastest-growing business groups. Established in 1979, RPG Group has a turnover of US$ 4.8 Billion and operates in diverse sectors, including Infrastructure, Tyres, Pharma, IT, and Specialty businesses. The group is also actively involved in emerging innovation-led technologies, reflecting its commitment to being a leader in both traditional and next-generation industries.

KEC International’s strong performance and extensive order book underscore its leadership in the global infrastructure and engineering sectors. The company’s continued growth and diversification across different verticals highlight its resilience and long-term potential for both domestic and international markets.

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