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The company's civil business has secured prestigious orders from new clients in the data centre and FMCG segments in India to build a data centre in Western India and to set up manufacturing facility for a global FMCG major in Southern India.
The firm's Transmission & Distribution (T&D) business has secured orders for T&D projects in India and Americas. The said order includes 765 kV transmission line in India from an existing private client and supply of towers, hardware and poles in Americas.
The cable business of the company has secured orders for supply of various types of cables in India and overseas.
Vimal Kejriwal, MD & CEO, KEC International, said, “We are pleased with the continuous inflow of orders, especially in our T&D and Civil businesses. The civil business continues to diversify its customer base, with the addition of marquee clients. The prestigious order for building a Data centre, reaffirms our confidence in the strong growth of this segment. We are particularly encouraged by the continuous inflow of tower supply orders from the North American market. With the above orders, our YTD order intake stands at a record level of over Rs 6,500 crore, a strong growth of 11% vis-à-vis last year.”
KEC International executes power transmission and distribution, railways, civil and solar projects on an EPC basis. It also manufactures power and telecom cables. KEC is one of the largest power transmission EPC companies in the world with presence in over 70 countries and a strong presence in India, the Middle East, Africa, South Asia the Americas and Central Asia.
The company's consolidated net profit jumped 36.5% to Rs 42.33 crore on 27.9% increase in net sales to Rs 4,243.59 crore in Q1 FY24 over Q1 FY23.
The scrip hit all time high at Rs 739 in intraday today.
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