KEC International Secures ₹2,872 Cr in New Orders from PGCIL
KEC International secured new orders worth ₹2,872 crores for 765 kV Transmission Lines from PGCIL. This includes the largest-ever single order for its India T&D business. YTD order intake has crossed ₹13,500 crores.
The value of the new orders is substantial and represents a significant addition to the company's order book, particularly the 'largest-ever single order' in the T&D business.
The announcement details significant new order wins, which are positive for the company's business and financial outlook.
KEC International Ltd. has announced the securing of prestigious turnkey orders worth ₹2,872 crores in its Transmission & Distribution (T&D) business. These orders are for the Design, Supply, and Installation of 765 kV Transmission Lines from Power Grid Corporation of India Limited (PGCIL).
This significant order includes the largest-ever single order for KEC's India T&D business. These 765 kV projects are associated with the evacuation of 8.5 GW of renewable energy from Gujarat. The company expressed confidence in the growth prospects of India’s T&D market, driven by increasing energy demand and the focus on strengthening transmission infrastructure.
With these new wins, KEC International's year-to-date (YTD) order intake has surpassed ₹13,500 crores, with approximately ₹9,500 crores originating from the T&D business. Mr. Vimal Kejriwal, MD & CEO of KEC International Ltd., highlighted the strong momentum in the T&D business and the strategic importance of these projects.
What to do with a filing like this
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.