KEC International clinches new power T&D orders
India, Mumbai: KEC International has reported the winning of new orders worth over $133 M (Rs.1,000 crore) in the power T&D space.
Source: T&D India
India, Mumbai: KEC International has reported the winning of new orders worth over $133 M (Rs.1,000 crore) in the power T&D space.
The orders involve construction of 400 kV lines. This order has taken the company’s cumulative order inflows in FY22 till date, to around $1.1 B (Rs.8,500 crore).
In a media release the Mumbai-headquartered global EPC infrastructure major announced that it has won domestic and international orders valued at Rs.1,082 crore in the power T&D business.
The new orders include:
- A 400 kV transmission line order in SAARC region from Power Grid Company of Bangladesh (PGCB).
- A 400 kV line order in India from a leading (unnamed) developer under the tariff-based competitive bidding route.
Commenting on the new order wins, Vimal Kejriwal, MD & CEO, KEC International Ltd, commented, “We are very happy with the continuous order wins, amidst a challenging environment. The order in SAARC is one of our largest T&D orders and significantly enhances our international T&D order book. We are also happy for the TBCB order from a private developer, which further strengthens our presence in the domestic T&D market. Our YTD order inflows now stand at around Rs.8,500 crore, which is a staggering growth of around 100 % vis-à-vis last year. With this, our share of international orders in the total order book increases to 41 %. These orders along with the orders announced earlier, reaffirm our confidence in achieving the targeted growth going forward.”
Source: T&D India