KEC International, an infrastructure Engineering, Procurement and Construction (EPC) major and a part of RPG Enterprises, has announced securing orders worth ₹2,105 crore across various businesses.
The company’s transmission and distribution vertical has secured several orders totalling ₹1,584 crore in India, Abu Dhabi, Thailand and America.
Strong order book
This includes transmission line package contract won from PGCIL subsidiary under Tariff Based Competitive Bidding (TBCB) route and orders for construction of transmission lines and AIS substations from Bihar State Power Transmission Company Limited (BSPTCL), among other orders.
KEC’s railway business has secured an order of ₹261 crore for overhead electrification works and associated civil works in Western India. The civil business vertical has bagged ₹116 crore worth orders for the expansion of a paint shop from a leading automobile company and construction of clinker production plant from a cement company, while the cables business has bagged orders worth ₹144 crore.
“Our order intake in India continues to grow despite general headwinds in the country. We are particularly encouraged by the orders from PGCIL and BSPTCL. The order in Abu Dhabi along with the earlier orders in Dubai will enable us to further strengthen the Middle East portfolio in our order book,” Vimal Kejriwal, MD & CEO, said.
Flat growth
The company on Tuesday reported a flat growth in consolidated net profit for the third quarter of FY19 at ₹112 crore as against ₹111 crore in the corresponding quarter previous fiscal. KEC’s revenue has increased by around 10 per cent to ₹2,646 crore ( ₹2,404 crore).
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.