In a major boost to its operations, KEC International, a global infrastructure engineering, procurement and construction (EPC) major has secured new orders of Rs 1,050 crore across various businesses.
In the renewables business, the company has secured a breakthrough order for an over 100 MW wind project - Balance of Plant (BoP) package in southern India from a renowned private developer, it said in a regulatory filing. In the civil business, the company has secured an order in the Buildings and Factories (B&F) segment from an existing client for the execution of a downstream project in western India for a leading steel player.
Vimal Kejriwal, Managing Director (MD) and Chief Executive Officer (CEO) of KEC International stated,” We are pleased with the new order wins across businesses especially the maiden order in the wind Energy segment secured by our renewables business, marking our entry into this fast-growing area of the Renewable energy sector. Our civil business continues to strengthen its presence in the B&F segment with a large downstream project from a leading steel player”.
In the Transmission and Distribution (T&D) business, it has secured orders for supply of towers, hardware and poles in the Americas. On the other hand, in the cables and conductors segment, the company has bagged orders for supply of various types of cables and conductors in India and the overseas markets.
Kejriwal added that its subsidiary, SAE Towers has secured significant tower supply orders in Mexico, reflecting an uptick in the North American T&D market. With these wins, the company’s year-to-date order intake stands at around Rs 19,300 crore, reaffirming its confidence in achieving its growth targets. |
