KEC International secures Rs 1,079cr in new orders amid strong global expansion

TAGS

KEC International Ltd., a prominent global infrastructure EPC (Engineering, Procurement, and Construction) major and part of the RPG Group, has announced the acquisition of new orders amounting to Rs 1,079 crores. This latest development highlights the company’s continued success in the Transmission & Distribution (T&D) and Cables businesses, further bolstering its presence both in India and internationally.

KEC International’s T&D segment, known for its expansive portfolio of power infrastructure projects, has secured several high-profile orders. These include a significant project for 765 kV/400 kV transmission lines from a reputable private developer in India. This order is particularly noteworthy as it underscores the company’s growing influence in the domestic T&D market, a sector that is crucial for India’s infrastructure development amid rising energy demands.

Internationally, KEC International continues to expand its footprint with new orders in the Middle East. The company has won contracts for the construction of 230/132 kV transmission lines in Saudi Arabia and Oman, two key markets in the Gulf Cooperation Council (GCC) region. Additionally, KEC has been entrusted with the upgradation of a 400 kV transmission line in the United Arab Emirates (UAE), a project that will enhance the reliability and efficiency of the region’s power grid. These orders are a testament to KEC’s technical expertise and ability to execute complex projects in challenging environments.

See also  Shri Bajrang Alliance opens new retail stores in Chandigarh

In the Americas, KEC International has secured orders for the supply of towers, hardware, and poles, reinforcing its position in the region’s power transmission market. The company’s success in the Americas aligns with its strategy to diversify its global operations and tap into emerging opportunities in North and South America, where infrastructure investments are seeing a resurgence.

The Cables segment of KEC International has also shown robust performance, with new orders for the supply of various types of cables in both domestic and international markets. This segment plays a critical role in supporting the company’s T&D projects and caters to the growing demand for high-quality cables in sectors such as telecommunications, power, and construction.

See also  TCS to drive digital transformation of Swiss insurer la Mobiliere

Mr. Vimal Kejriwal, Managing Director and CEO of KEC International Ltd., expressed his optimism about the company’s future prospects, stating, “We are pleased with the ongoing success in securing significant orders, particularly in our T&D business. The order from a private developer in India has enhanced our presence in the domestic T&D market and diversified our clientele. Moreover, the substantial orders across Saudi Arabia, Oman, and the UAE have significantly expanded our international T&D order book in the Middle East. With these orders, our year-to-date (YTD) order intake has surpassed Rs 8,700 crores, reflecting an impressive growth of approximately 60% compared to last year.”

This year, KEC International has demonstrated remarkable growth, with its order intake reflecting a 60% increase compared to the previous year. This growth is driven by the company’s strategic initiatives, including its focus on expanding into new geographies, enhancing operational efficiencies, and leveraging its expertise in the infrastructure sector. The company’s ability to secure large-scale projects across multiple regions underscores its competitive edge and positions it well for future growth.

See also  3i Infotech bags digital infrastructure managed services contract from HPCL

KEC International’s achievements also come at a time when the global infrastructure sector is witnessing a surge in investments, particularly in the T&D sector, driven by the increasing need for reliable and sustainable energy solutions. The company’s strategic expansion into key international markets and its continued dominance in the domestic market highlight its resilience and adaptability in a dynamic global environment.

As KEC International continues to secure new orders and expand its global footprint, the company remains committed to delivering high-quality infrastructure projects that contribute to the development of robust power transmission networks worldwide.


Discover more from Business-News-Today.com

Subscribe to get the latest posts sent to your email.

CATEGORIES
TAGS
Share This