KEC International Secures Major Rs 1,402 Cr Contracts! 🚀
Hey finance enthusiasts!
Get ready for some exciting news from the infrastructure world! KEC International Limited (KEC), a global powerhouse in Engineering, Procurement, and Construction (EPC), has just announced a massive win: new orders totaling a whopping Rs. 1,402 Crores! 🎉 This is a significant boost to their already impressive order book.
So, where are these big wins coming from? Let’s break it down:
Powering Up: Transmission & Distribution (T&D) ⚡
KEC’s T&D business has secured some crucial projects. This includes a 765 kV Transmission line order from a prominent private player right here in India. Plus, they’ve bagged orders for supplying towers, hardware, and poles in the Americas. This shows their strong presence and capability across continents!
Building High: Civil Projects 🏗️
Good news on the civil front too! KEC has secured a repeat order for a high-rise residential project from a renowned real estate developer in Northern India. A repeat order is always a great sign, indicating client satisfaction and trust in KEC’s execution capabilities.
Connecting the Dots: Cables & Conductors 🔌
Their Cables & Conductors business isn’t left behind, securing orders for various types of cables and conductors, both in India and the overseas market. This segment is crucial for the backbone of modern infrastructure.
What the Leadership Says
Vimal Kejriwal, MD & CEO of KEC International Ltd., shared his enthusiasm about these wins. He highlighted how these orders have helped expand their customer base, especially with the prestigious T&D order from a new private player. He also emphasized the importance of the repeat order in the Buildings & Factories (B&F) segment. With these additions, KEC’s year-to-date (YTD) order intake has now surpassed an impressive Rs. 8,400 crores! Talk about momentum! 💪
These new orders are set to substantially contribute to KEC’s targeted growth, building on the strong foundation laid by earlier orders this year.
A Quick Look at KEC International
For those new to the name, KEC International is a flagship company of the RPG Group. They’re a global leader in infrastructure EPC, with a diverse portfolio spanning Power Transmission & Distribution, Civil, Transportation, Renewables, Oil & Gas Pipelines, and Cables & Conductors. Their footprint extends across 110+ countries, making them a truly global player.
This latest round of orders underscores KEC’s robust market position and its continuous efforts to expand its reach and capabilities. It’s certainly an exciting time for the company and its stakeholders!
Stay tuned for more updates from the world of finance! ✨
source: Corporate Announcement
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