KEC International has registered a 30 percent year-on-year growth in its order inflows during FY23.
In a release, the Mumbai-headquartered RPG Group company said that during FY23 (April 2022 to March 2023) it recorded an order intake of Rs.22,378 crore.
This was not only the highest-ever annual order intake by KEC International, it was 30 percent higher than the comparable level of FY22.
Expansion in T&D order book
Commenting on the performance, Vimal Kejriwal, MD & CEO, of KEC International Ltd, said, “We are delighted with the traction of order inflows throughout the year. With these orders, our total order inflow for FY23 stands at an all-time high of Rs. 22,378 crores, a substantial growth of around 30% vis-à-vis last year.
The orders in T&D have significantly expanded our T&D order book, particularly in the international market. Our Civil business has further strengthened its presence with an order in the urban infra segment. These orders along with the orders announced earlier during the year, reaffirm our confidence in achieving the targeted growth going forward.”
Also read: KEC International Wins New Orders Of Rs.1,028 Crore
New orders
Meanwhile, KEC International also reported the winning of new orders valued at Rs.1,213 crore across its various businesses – power T&D (both domestic and international), civil, and cables.