KEC International has reported a 34 per cent year-on-year growth in its outstanding order book position as of June 30, 2018.
In a statement, the global EPC company said that its order book position at June 30, 2018, stood at Rs.18,191 crore that was 34 per cent higher than the comparable Rs.13,532 crore as of June 30, 2017.
In the first quarter of FY19 (April 1, 2018 to June 30, 2018), KEC reported an order inflow of Rs.2,748 crore that was more or less at par with the Rs.2,790 crore worth of orders received in the first quarter of FY18.
What is striking is that non-power T&D sectors dictated the order inflow in the first quarter of FY19. In the said period, non-power T&D orders accounted for a domineering 49.3 per cent of the total order inflow, as compared to just around 20 per cent in the same period of FY18.
Commenting on the company’s performance, Vimal Kejriwal, MD & CEO, KEC International Ltd said, “We are very pleased that we have delivered another quarter of strong performance on all fronts. Non power-T&D businesses have been our growth drivers in Q1.
We are confident of delivering continued growth on the back of a strong order book.”
It may be mentioned that railways and the civil business have seen significant order inflow for KEC International during the ongoing FY19, so far. KEC has also made a beginning in the solar EPC segment.
In the power T&D business—its traditional forte—KEC International recorded an achievement in FY19 by entering the American power T&D market. This was thanks to the company’s first ever order in Nicaragua, reported last month.
KEC International, it may be recalled, had witnessed a very healthy growth in new order inflow in FY18. As against an order inflow of Rs.12,358 crore in FY17, the comparable level in FY18 was 22 per cent higher, at Rs.15,098 crore.
Featured photograph shows a 400kV GIS (gas insulated switchgear) substation at Manali in Tamil Nadu, contracted on KEC International. (Photo: KEC International)