KEC International has reported the winning of new orders worth over Rs.1,000 crore in the power T&D space. The orders involve construction of 400kV lines.
This order has taken the company’s cumulative order inflows in FY22 till date, to around Rs.8,500 crore.
In a media release the Mumbai-headquartered global EPC infrastructure major announced that it has won domestic and international orders valued at Rs.1,082 crore in the power T&D business.
The new orders include:
- A 400kV transmission line order in SAARC region from Power Grid Company of Bangladesh (PGCB).
- A 400kV line order in India from a leading (unnamed) developer under the tariff-based competitive bidding route.
Commenting on the new order wins, Vimal Kejriwal, MD & CEO, KEC International Ltd, commented, “We are very happy with the continuous order wins, amidst a challenging environment. The order in SAARC is one of our largest T&D orders and significantly enhances our international T&D order book. We are also enthused by the TBCB order from a private developer, which further strengthens our presence in the domestic T&D market. Our YTD order inflows now stand at around Rs.8,500 crore, which is a staggering growth of around 100 per cent vis-à-vis last year. With this, our share of international orders in the total order book increases to 41 per cent. These orders along with the orders announced earlier, reaffirm our confidence in achieving the targeted growth going forward.”
Order book
Just prior to the announcement of the aforementioned, KEC International had announced that its outstanding order book position (including L1 position) stood at a record level of Rs.28,500 crore. “Our robust and well diversified order book gives us confidence of delivering a continued good growth in the coming quarters,” Vimal Kejriwal, MD & CEO, KEC International Ltd noted.
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(Featured photograph (source: KEC International) shows a 400kV transmission line built by KEC International in Bihar.)
