KEC International bags orders worth Rs 1,025 crore

12 Jan 2022 CW Team

KEC International, an Engineering, Procurement, and Construction (EPC) company, announced on Friday that it has received new orders worth Rs 1,025 crore across its various businesses.

According to a filing to the BSE, the RPG Group's transmission and distribution business has received orders for projects in India and the Middle East.

According to the company, its civil business has received an order for infrastructure work in India's metals and mining sector.

Oil and gas pipelines, as well as smart infrastructure, are two other industries from which the company has received orders.

In India, the Railways business has been awarded a contract for 2 x 25 kV OverHead Electrification (OHE) and related works for speed up-gradation.

The Smart Infra business has received an order for Smart City Components as a Master System Integrator (MSI) for three smart cities in India.

In India and overseas, the Cables division has received orders for various types of cables.

On a consolidated basis, the company reported a 44% drop in net profit to Rs 80 crore in Q2 FY22 over Q2 FY21, despite a 10% increase in revenue to Rs 3,587 crore.

KEC International Limited is an Indian multinational corporation that is also the country's second-largest manufacturer of electric power transmission towers and one of the world's largest power transmission, engineering, procurement, and construction (EPC) firms. It is based in Mumbai, India, and is part of the RPG Group, which has a market capitalization of 255 billion dollars. It specialises in EPC projects for Power Transmission, Distribution, Railways, Cables, Solar, Civil, and Smart Infrastructure. It operates in India, the SAARC, the EAP, Africa, the Middle East, and America.

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