KEC International has reported new order inflow of over Rs.14,000 crore in the first nine months (April to December) of FY22.
In a release, KEC International said that new order inflows in the said period was Rs.14,121 crore. This was more than twice the corresponding level in the April-December period of FY21.
Also read: KEC International’s YTD Order Inflow Crosses Rs.14,000 Crore
As of December 31, 2021, the company’s outstanding order book position stood at Rs.24,401 crore. This was 36 per cent higher than the comparable level of 2020. Besides, the company was in L1 position with respect to orders valued at over Rs.4,000 crore.
Commenting on the performance, Vimal Kejriwal, MD & CEO, KEC International Ltd, said, “We have delivered a steady performance for the quarter, amidst global uncertainties. Our non-T&D businesses such as Civil, Railways and Cables have delivered good performances during the quarter. The profitability has been impacted by the continued headwinds on account of elevated raw material costs and the continued delays in projects in SAE Brazil due to the pandemic and unusual rainfall in the region. We are pleased with the stellar growth in our order intake. With a strong focus on execution, robust order book + L1 of over Rs.28,500 crore and a strong tender pipeline, we are confident of concluding the year with a decent growth.”
Featured photograph (source: KEC International) shows a GIS substation built by KEC International.