The Transmission & Distribution (T&D) business has secured orders for T&D and cabling projects in India, SAARC, Middle East, and Americas.
In India, the business received order for 765 kV GIS substation, from Power Grid Corporation of India (PGCIL), under Tariff Based Competitive Bidding (TBCB) route and it also received order for 100 kV underground cabling project in India.
400 kV transmission line order has secured in SAARC and 400 kV tower supplies order, received by its Middle East subsidiary . Lastly, supply of towers and poles in America, secured by its subsidiary, SAE Towers.
The company's Railway business has received an order for setting up of power supply system, including receiving substation, high voltage cabling and associated civil works, from Delhi Metro Rail Corporation (DMRC)
The Cables business has secured orders for various types of cables in India and overseas.
Vimal Kejriwal, MD & CEO of KEC International commented, “We are delighted with our new order wins, especially the prestigious substation order in the Green Energy Corridor from PGCIL. We are witnessing a gradual revival in the Domestic T&D market, which had been sluggish for past few quarters. Our Railway business continues to strengthen its presence in the technologically enabled areas of metros. With these orders, our total order inflow for FY22 stands at an all-time high of Rs. 17,202 crores, a robust growth of 45% vis-à-vis last year. These orders along with the orders announced earlier during the year, reaffirm our confidence in achieving the targeted growth going forward.”
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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