- 06 Dec 2021
- ICICIdirect Research
KEC International has secured new orders of Rs.1065 crore across key businessesKEC - 527 Change: -5.20 (-0.98 %)
News: KEC International has received new orders worth Rs.1065 crore including T&D projects in India, Middle East, Africa, Americas, Railways order for construction of railway sliding Civil order for infra works in water pipeline and Oil & Gas order for laying oil & gas pipeline.
Views: With these orders, KEC's order inflows stands at ~ Rs.11000 crore as on date for FY22E alongwith L1 in orders worth more than~Rs.5000 crore. Further order conversions and new order wins would drive strong order intake for the year despite challenging environment indicating good revenue visibility in coming years. Also, stable working capital management, strong recovery in revenues, decent order inflows and further execution ramp-up to aid overall performance in the long run despite short term challenges.