Kec International wins first order from Mumbai Metro


wealth desk

To buy to sell KEC International to share

KEC International’s order book is up 25% and they currently have the highest order book ever, plus the L1 (lowest bidder) position of Rs 34,000 crore, according to management.

The leading global engineering, procurement and construction company, part of RPG Group, has successfully secured its first order from Mumbai Metro.

KEC’s Brazilian subsidiary, SAE Towers, has won a large order for the supply of towers in the Americas. The company said the order is one of the largest tower supply orders it has received and significantly improves its international T&D backlog.

“Around 60% comes from the T&D sector. It is largely the order from Brazil and about 35% is from the railway and the rest from cables,” said Vimal Kejriwal, MD and CEO of KEC International.

Kec International wins first order from Mumbai Metro

Other orders include two orders for ballastless track (BLT) works of Chennai Metro and Mumbai Metro.

The company has also secured several orders for various types of cables in India and overseas.

Fulfillment will begin next year for all orders, he said.

With these orders, the company’s overall order intake for the current financial year stands at Rs 11,800 crore.

It was an operationally weak second quarter for KEC International. The company’s profit is down more than 30% and the margin has contracted sharply to 4.4% from 7.1% last year.

KEC International is a major global infrastructure EPC operating in the verticals of power transmission and distribution, railways, civil and urban infrastructure, solar energy, smart infrastructure, oil and gas pipelines and Cables. KEC is currently working on infrastructure projects in over 30 countries and has a presence in over 110 countries.

For the full interview, watch the attached video


cnbctv18-forexlive-benzinga

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button