KEC clinches domestic and overseas orders worth over Rs.1,600 crore
- February 17, 2021
KEC International Ltd has secured new domestic and international orders, collectively worth Rs.1,681 crore, across its various businesses.
The Power T&D business has secured orders of Rs. 1,287 crore for projects from Power Grid Corporation of India Ltd. (PGCIL) and other customers in India, SAARC and the Americas. Some of these orders include construction work for TBCB-based Green Energy Corridor projects of PGCIL.
Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, “We are delighted with our new order wins, especially the prestigious fast track orders in the Green Energy Corridor from PGCIL. These orders secured under the tariff based competitive bidding (TBCB) route will contribute significantly towards the growth in the domestic T&D market which had been sluggish for past few quarters. We are also pleased with the second order secured in the water pipelines segment, which further strengthens the portfolio diversification in our Civil business. The above orders will play a significant role in maintaining our revenue growth in the coming quarters.”
The Civil business has secured an order of Rs. 254 crore for infra works in the water pipeline segment in India. This is the second water pipeline order for KEC.
Meanwhile, the relatively-new Smart Infra business landed an order of Rs.63 crore as a Master System Integrator for Smart City ICT Components for a greenfield smart city in India.
The Cables business has secured orders of Rs. 77 crore for various types of cables in India and overseas.
(Featured photograph for illustration only)