KEC International bags new orders worth Rs1,025cr across various businesses

7 Jan 2022 , 04:22 PM

On Friday, KEC International, a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs1,025cr across its various businesses.

Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, “Our order book continues to grow on the backdrop of orders secured across all our business verticals. With these orders, our YTD order intake surpasses Rs. 13,000 crores, with a staggering growth of ~2 times vis-à-vis last year.”

Kejriwal added, “We are pleased with the orders in T&D, especially the TBCB order, which strengthens our order book in the domestic T&D market and diversifies our clientele. The Railway business further consolidates its presence in emerging/new areas, with the order in the Semi High-Speed Rail under Mission ‘Raftaar.’ The large orders in Civil and Oil & Gas Pipelines reaffirm our confidence in the strong growth of these businesses going forward. We are also enthused by the prestigious order in Smart Infra to develop three smart cities in India.”

The details of the new orders are:

1. Transmission & Distribution (T&D): The business has secured orders for T&D projects in India and the Middle East:

• 400 kV Transmission line and 400/220 kV substation order in India, from a leading private developer under Tariff Based Competitive Bidding (TBCB) route
• 380 kV Transmission line order from Saudi Electricity Company (SEC)

2. Railways: The business has secured an order for 2 x 25 kV Overhead Electrification (OHE) and associated works for speed up-gradation in India.

3. Civil: The business has secured an order for infra works in the Metals & Mining segment in India.

4. Oil & Gas Pipelines: The business has secured an order for the laying of a slurry pipeline and associated works in India.

5. Smart Infra: The business has secured an order as Master System Integrator (MSI) for Smart City Components for three smart cities in India.

6. Cables: The business has secured orders for various types of cables in India and overseas.

On Sensex, KEC stock finished at Rs463 per piece up 0.5%.