- 18 Mar 2024
- ICICI Securities
KSB WINS ORDERS WORTH RS 330 CRORE
KSB - 808 Change: 6.70 (0.84 %)News: KSB has received orders worth ~Rs 330 crore, of which Rs 267 crore order is for supply of pumps (along with accessories including motors) for Kudankulam site (Tamil Nadu) and Rs 63.2 crore order for 2500 solar water pumping systems from Maharashtra Energy Development Agency (MEDA). The sales/supply of products/services for the MEDA order and Kudankulam order is expected from Q2CY24 and Q4FY25 respectively.
Views: Order inflows have been healthy for KSB, mainly from sectors like nuclear, energy, industrials, irrigation, waste-water and construction as the overall demand remains strong. With a focus on expanding product portfolio and increasing share of margin-accretive after-market segment and exports, we believe that company’s operational and financial performance to improve further in the coming period.
Impact: Positive