KEC International secures new orders of Rs 1041 crore across key businesses
News: KEC International has received new orders worth Rs 1041 crore including T&D projects in India, Middle East, Africa, Americas, civil order for building data centre in India and cables orders for various types of cables in India and overseas.
View: With these orders, KEC's order inflows were at ~ Rs 12000 crore as on date for FY22E along with 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 a 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 are expected to aid overall performance in the long run despite short-term challenges