KEC International Bags Rs 2,035 Cr New Orders Across Various Businesses | CORPORATE ETHOS

KEC International Bags Rs 2,035 Cr New Orders Across Various Businesses

By: | February 6, 2018

Feb 6: KEC International Ltd, the flagship company of the RPG Group, on Tuesday said that it has secured new orders of Rs 2,035 crore across its businesses.

According to a company filing with regulators, the Railways business of the company has secured three composite orders aggregating to Rs 1,769 crore for tripling of railway lines, including laying of tracks, civil engineering, electrification, signalling and telecommunication works, in North and East India.

The Transmission & Distribution (T&D) business has been awarded an order of Rs 161 crore for turnkey construction of 132 kV and 220 kV transmission lines in West Bengal.

Another order of Rs 30 crore secured by the Civil business of the company includes construction of residential buildings and workshop for a metals & mining company.

While the Cables business received orders of Rs 63 crore for various types of cables, the Solar business of the company has been awarded orders of Rs 12 crore for the construction of rooftop and ground-mount PV systems.

Commenting on the order win, Vimal Kejriwal, MD & CEO, KEC International Ltd, said, “we are delighted with the new orders received, especially from Railways. The increased capital outlays for capacity creation in Railways announced in the 2018 Union Budget augurs well for the business and we see it as a major growth driver in the coming years. These new orders and a strong L1 pipeline gives us confidence to achieve our growth targets.”

Headquartered in Maharashtra, KEC International is a major player in infrastructure engineering, procurement and construction (EPC). It has presence in the verticals of power transmission and distribution, cables, water and renewables. Globally, the company has powered infrastructure development in over 60 countries.