KEC International Secures ₹1,050 Crore in New Orders, Enters Wind Energy Segment
KEC International has secured new orders worth ₹1,050 crores across its business segments. This includes a maiden order in the wind energy sector for a 100+ MW Balance of Plant package. Other orders are in Buildings & Factories, Transmission & Distribution (Americas), and Cables & Conductors (India/overseas). Year-to-date order intake is now ~₹19,300 crores.
The new orders are substantial and diversifies the company's business into a new growth area (wind energy), which is expected to have a significant positive impact on future revenue and market position.
The company has secured significant new orders across multiple business verticals, including a breakthrough into the wind energy segment, indicating positive business growth and expansion.
KEC International Ltd., a global infrastructure EPC major and an RPG Group Company, has announced securing new orders totaling ₹1,050 crores across various business segments. The company has received a breakthrough order for a 100+ MW Wind Project - Balance of Plant (BoP) package in Southern India, marking its entry into the wind energy segment.
Additionally, KEC has secured an order in the Buildings & Factories (B&F) segment from an existing client for a downstream project in Western India for a leading steel player. In the Transmission & Distribution (T&D) business, orders have been secured for the supply of towers, hardware, and poles in the Americas, with its subsidiary SAE Towers receiving significant orders in Mexico.
The Cables & Conductors business has also secured orders for the supply of various types of cables and conductors in India and overseas markets. Mr. Vimal Kejriwal, MD & CEO, expressed satisfaction with the new order wins, particularly highlighting the maiden order in the wind energy segment and the strengthening presence in the B&F segment. He also noted the uptick in the North American T&D market. With these new orders, the company's year-to-date order intake stands at approximately ₹19,300 crores.
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KEC International Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by KEC International Limited. Read the original for the full detail.