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KEC Int Bags Orders Worth Rs 1,100 Cr, Order Book Crosses Rs 6,000 Cr in 2024

Jul 19, 2024

By: BlinkX Research Team

On Tuesday, July 16, KEC International, an engineering and manufacturing business within RPG Enterprises, received fresh orders worth Rs 1,100 crore for transmission and distribution (T&D) projects in India, the Middle East, Australia, and the Americas.

Key Takeaways from KEC International Orders Win

• KEC International received fresh orders worth Rs 1,100 crore for transmission and distribution (T&D) projects in India, the Middle East, Australia, and the Americas.
• The company's order intake has already surpassed Rs 6,000 crore this year, representing a more than 80% rise over the previous year.

The company secured four project orders, including a 765 kV transmission line and a 785 kV GIS substation ordered by Power Grid in India, and a 132-kV transmission line in the UAE. Supply of towers in Australia and America, as well as hardware and poles across the Americas.

According to the company's MD and CEO, Vimal Kejriwal, with these orders the company's order intake has already surpassed Rs 6,000 crore this year, representing a more than 80% rise over the previous year.

"The 765 kV orders from Power Grid have substantially bolstered our India transmission and distribution order book. The consecutive orders in the UAE have further solidified our leadership in the Middle East T&D market. We are particularly enthused by the significant tower supply order from Australia, which strengthens our tower supply business by tapping into a sizable new market," Kejriwal said on Tuesday, July 16.

Earlier last month, the company announced fresh orders totalling Rs 1,017 crore in the transmission and distribution (T&D) and sustainable energy business divisions.

The orders include an engineering, procurement, and construction (EPC) project and a tower supply order in the Middle East, as well as a contract for the balance of system package for a 625 MWp Solar PV project in Rajasthan from a subsidiary of an undisclosed public sector unit in the renewable energy generation segment.

Last month, the firm also revealed that it has received orders totalling Rs 1,025 crore from various industries.

About KEC International Limited

KEC International Limited established in 1945, is a worldwide infrastructure Engineering, Procurement, and Construction (EPC) leader. It operates in several industries, including power transmission and distribution, civil engineering, railways, urban infrastructure, renewables, oil and gas pipelines, and cables. The company is now implementing infrastructure projects in over 30 countries and has a presence in over 110 countries (including EPC, tower and cable supply). It is the main company of the RPG Group.

About RPG Enterprises Limited:

RPG Enterprises, founded in 1979, is one of India's fastest-growing company groupings, with a revenue of almost US$ 5 billion. The group has a wide range of corporate holdings, including infrastructure, tyres, pharmaceuticals, information technology, and speciality, as well as new innovation-driven technology enterprises.

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