KEC International, a leading engineering, procurement and construction (EPC) company in India, has further consolidated its position in the infrastructure sector by securing new contracts worth Rs 1,004 crore across its various business verticals. This impressive achievement comes on the heels of the company’s announcement on March 22, 2024, revealing a robust year-to-date (YTD) order booking of Rs 17,500 crore.
Breakdown of Recent Orders
KEC International’s recent order wins highlight the company’s diversified capabilities and strong presence across key infrastructure segments. Let’s delve deeper into the details:
- Transmission & Distribution (T&D) Business :
- Secured a significant order for constructing transmission lines, substations, and underground cabling projects within India. This project win strengthens KEC’s position as a turnkey solution provider in the T&D space.
- Additionally, the company bagged contracts to supply towers, hardware, and poles in the Americas, likely catering to the growing demand for power transmission infrastructure in these regions.
- Railways Business :
- KEC received an order for the implementation of a 2 x 25 kV Overhead Electrification (OHE) system and associated works for speed upgradation in the Indian railway network. This project aligns with the government’s initiatives to enhance railway infrastructure and improve travel efficiency.
- Civil Business :
- KEC’s civil business vertical secured an order from a renowned real estate developer in India for a residential project. This win demonstrates the company’s expertise in executing civil construction projects beyond the traditional power and industrial sectors.
- Cables Business :
- The company’s cables business bagged orders for supplying conductors and cables in India. Notably, this includes a maiden order for supplying power transmission conductors (ACSR and AL-59) to a well-established government utility. This strategic move marks KEC’s entry into conductor manufacturing, allowing it to capitalize on the rising demand for power transmission equipment and achieve greater backward integration.
Strategic Diversification and Growth Potential
KEC International’s recent order wins across diverse sectors showcase its ability to cater to a wide range of infrastructure development needs. Furthermore, the company’s foray into conductor manufacturing through its cables business signifies a strategic move towards greater self-reliance and opens doors to new revenue streams. With a robust YTD order book and a diversified business portfolio, KEC International is well-positioned for continued growth in the Indian infrastructure sector.
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