- 06 Apr 2022
- ICICIdirect Research
KEC INTERNATIONAL WINS NEW ORDERS OF RS 945 CRORE ACROSS VARIOUS BUSINESSES
KEC - 950 Change: 11.00 (1.17 %)News: In the T&D space KEC has secured orders for T&D and cabling projects in India, Saarc, Middle East, and America. 765 kV GIS substation order in India, from PGCIL under tariff based competitive bidding (TBCB) route. Supply of towers and poles in America, secured by their subsidiary, SAE Towers. In Railways space business has secured an order for setting up of power supply system, including receiving substation, high voltage cabling and associated civil works, from Delhi Metro Rail Corporation (DMRC) and in the cable segment, business has secured orders for various types of cables in India and overseas
Views: KEC has got the prestigious substation order in the Green Energy Corridor from PGCIL. The company is witnessing a gradual revival in the domestic T&D market, which had been sluggish for the past few quarters. Their railway business continues to strengthen its presence in the technologically enabled areas of metros. With these orders, KEC’s total order inflow for FY22 is at an all-time high of Rs 17,202 crore, a robust growth of ~45% vis-à-vis last year
Impact: Positive