The infrastructure engineering, procurement and construction (IPC) firm KEC International Ltd has secured fresh contracts totaling ₹1,303 crore in its transmission & distribution (T&D) and cables & conductors (C&C) verticals. The company stated this in a stock exchange announcement on Monday.

The newly acquired contracts cover a variety of geographies such as India, the Middle East, and the Americas, thereby enhancing the international and domestic footprint of KEC International’s core businesses.

Operational breakdown of Transmission & Distribution (T&D)

KEC International’s Transmission & Distribution (T&D) division has landed its first orders for major transmission projects in India and Saudi Arabia as well as product supply deals in the Americas. 

In India, the company achieved a top-line contract from a current private client for a Northern India 400 kV transmission line project. This particular transmission line project will serve the purpose of evacuating power generated by a hydro plant in the northern part of the region.

In the Middle East, the company’s Transmission & Distribution business has won orders for 380 kV transmission lines in Saudi Arabia, complementing its international footprint. 

In the Americas region, KEC International has secured an order in the tower, hardware and pole business. The company’s Cables & Conductors business has received a number of separate orders, including these TD contracts, in both India and multiple overseas markets.

Management insights and stock market performance

In the aftermath of the decision, KEC Managing Director and Chairman Vimal Kejriwal said that the company is pleased with the new expansion irrespective of the prevailing competitive scenario. 

He also showcased India Transmission & Distribution business winning a prestigious order from an existing private client for power evacuation from a hydroelectric plant in northern India and the International Transmission & Distribution business solidifying its overall market presence in the Middle East with several order wins in Saudi Arabia.

Vimal Kejriwal also shared that the Transmission & Distribution business segment of KEC International remains strong. The latest contract wins, strong L1 position, vast pipeline of new opportunities and continued demand in key target markets all help drive this positive momentum. 

This additional traction brings KEC International’s year-to-date order intake to more than ₹7,600 crore. Vimal Kejriwal said these particular orders will be significant in achieving the desired growth path for the company in the coming years.

The new orders arrive following an active week across domestic capital markets. The stock of KEC International Ltd ended at ₹406.45, dropping by 1.67% from closing levels on Friday of the past week. The share market was closed on Monday in observance of Ganesh Chaturthi; both the National Stock Exchange and BSE were closed. Equity and equity derivatives trading resumed on Tuesday, September 15, after being suspended on Monday.

The new order book of ₹1,303 crore demonstrates the continued demand for KEC International’s infrastructure offerings. The company observed that its overall order intake for Transmission & Distribution is at more than ₹7,600 crore, coupled with a healthy order pipeline and continued demand in important global markets, directly strengthens the company’s business prospects for coming operational periods. 

Conclusion

The company’s core business, Transmission & Distribution and Cables & Conductors, is strengthened with major wins from new orders related to a 400 kV power evacuation line in Northern India, 380 kV transmission lines in Saudi Arabia, and tower supply orders within the Americas region, establishing the company’s global execution capability in its core businesses.

With total year-to-date order intake surpassing ₹7,600 crore, a significant pipeline of potential projects, and consistent global demand, KEC International continues to be well positioned for growth in its domestic and international markets.