KEC International bags new orders
India, Maharashtra: KEC International Ltd has reported the winning of new orders, across its various business, aggregating $166 M (Rs.1,245 crore).
Image source: T&D India
India, Maharashtra: KEC International Ltd has reported the winning of new orders, across its various business, aggregating $166 M (Rs.1,245 crore).
These new orders have taken the company’s cumulative order inflow in FY21 to $1.6 B (Rs.11,876 crore).
According to Vimal Kejriwal, MD & CEO, KEC International Ltd, “We are pleased with the new order wins secured across our business verticals. With these orders, our total order inflow for FY21 stands at $1.6 B (Rs. 11,876 crore) with a year-on-year growth of 5 % despite the challenging environment. Our railway order book continues to grow with orders in both conventional and new areas. The EPC order in Americas, secured by our subsidiary SAE Towers, further strengthens our order book in that region.”
The Power Transmission & Distribution business has secured orders of $84 M (Rs.629 crore) for T&D projects in India, SAARC, Middle East, Africa, and the Americas.
The railways business has secured orders of $59.6 (Rs.446 crore) in India. These orders include both technologically enabled as well as conventional projects. Included here is KEC’s third order for metro rail projects. The business has also landed an order for overhead electrification and associated works.
Source: T&D India