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KEC secures new orders across key businesses

News: KEC International has received new orders worth Rs.1025 crore including T&D projects in India, Middle East, Civil order for infra work in metal & mining segment in India, Railways orders for overhead electrification work, smart city compnent for three smart cities and an order in oil & gas segment.

Views: With these orders, KEC's order inflows is at ~ Rs.13000 crore as on date for FY22E alongwith L1 in orders worth more than~| 4000 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.

Impact: Positive