Hot Pursuit     21-Mar-22
KEC International sizzles after order wins
KEC International gained 2.26% to Rs 412.30 after the EPC company secured new orders of Rs 1,005 crore across its various businesses.
The company's transmission & distribution business secured orders for supply of towers and poles in Americas. Meanwhile, the company's railway business secured order for overhead electrification, order for a composite project including track laying and order for 2 x 25 kV overhead electrification & associated works for speed upgradation.

Civil business secured an order for construction of depot cum workshop in the urban infra segment in India while cables business bagged orders for various types of cables in India and overseas.

Vimal Kejriwal, MD & CEO of KEC International said, “We are pleased with the traction in orders, amidst global upheavals. With these orders, our YTD order intake has surpassed Rs. 16,000 crores with a robust growth of 50% vis-à-vis last year. Our Railway business has strengthened its presence with orders in both conventional and emerging segments. The order in Civil has enhanced our order book in the urban infra segment and further diversified our clientele.”

KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major. It has presence in the verticals of Power Transmission and Distribution, Railways, Civil, Urban Infrastructure, Solar, Smart Infrastructure, Oil & Gas Pipelines, and Cables.

The company reported a 35% fall in consolidated net profit to Rs 94 crore on a 2% rise in revenues to Rs 3,340 crore in Q3 FY22 over Q3 FY21.

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