KEC International banks on civil contracts to double revenue

KEC International, an infrastructure engineering, procurement and construction company, is betting on its civil contracts business, where it aims to double revenue this fiscal year. The RPG Group company's total revenue increased 5% to Rs 137 billion in the last fiscal year ended March 31, led by growth in the civil, railways and cables businesses. The contribution of the civil business to the company's revenue was Rs 19 billion. KEC has 290 projects under execution or in the pipeline in India and abroad, with orders of more than Rs 80 billion for the civil business. The company's total order book is worth more than Rs 290 billion. KEC, promoted by Harsh Goenka, has a presence in power transmission and distribution, railways, civil, urban infrastructure, solar, smart infrastructure, oil and gas pipelines, and cables. The company expects most of its growth to come from the civil business which is divided into four verticals: urban infrastructure and water; industrial and hydrocarbons; residential and public spaces; and defence and data centres.Also readSEZs to be revamped, allowed to sell in domestic marketUP government to introduce a new MSME policy soon