KEC International secures new orders of Rs.1415 crore in civil, oil & gas businesses
News: KEC International has received new orders worth Rs.1415 crore in Civil and Oil & Gas business including order for construction of elevated viaduct along with 11 station from Chennai Metro in a JV, order for civil infra works in the Defence segment and order for laying of oil and gas pipeline from IOCL.
Views: KEC received orders worth Rs.9887 crore as on date for FY22E L1 in orders worth more than~Rs.6000 crore. Further order conversions and new order wins would drive reasonable 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.