KEC International Secures ₹1,061 Cr Orders Across Key Sectors

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Synopsis:

The KEC International of RPG Group secures ₹1,061 crore in new orders across various sectors like T&D, railways, and cables sectors. The company sees 30% YTD order intake growth, following a 110.3% net profit rise in Q4 FY24.

KEC International News Today

The RPG Group's KEC International has secured significant orders, including a project for transmission lines and substations in India, an order for a transmission line in Malaysia, and supply towers, hardware, and poles to the United States.

Explore: KEC INTL. LIMITED

Railways Division

KEC International has also made notable advancements in its railways business by securing its first order for composite gauge conversion works. Additionally, the company will establish a power supply system for the Bengaluru Metro Rail Corporation (BMRC), including a receiving substation, high-voltage cabling, and related civil works.

Cables Segment

The cables division of KEC International has received orders to supply power transmission conductors from a leading infrastructure player in India. The company will also provide various types of cables for domestic and international projects, further solidifying its position in the market.

Company’s Response

Vimal Kejriwal, MD & CEO of KEC International, expressed satisfaction with the recent order wins, stating that these achievements have strengthened the company's order book across multiple business verticals.

The transmission and distribution (T&D) sector's orders have strengthened the company’s presence in both local and global markets, while the railways division’s new client and gauge conversion project marks significant milestones.

The year-to-date (YTD) order intake now exceeds ₹3,000 crore, reflecting a robust 30% growth compared to the previous year.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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