KEC International wins new orders across various businessesKEC - 373 Change: 0.35 (0.09 %)
News: KEC International has secured new orders of Rs.1112 crore across its various businesses like transmission & distribution (T&D), civil and cables. In the T&D segment business, it has secured orders for T&D projects in Commonwealth of Independent States (CIS), Middle East and America. In the civil segment business, it has secured orders for infra works in the water pipeline and urban infra segments in India while in the cable segment business, it has secured orders for various types of cables in India and overseas.
Views: With these orders, KEC’s YTD order intake has surpassed Rs.14,000 crore, with a staggering growth of ~2x vis-à-vis last year, 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 and further execution ramp up would aid overall performance in the long run.