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KEC grows by 12% in Q4 and 15% in FY24
KEC International, a global infrastructure EPC major and an RPG Group, announced its results for the fourth quarter (Q4 FY24) and full year (FY24) ended March 31, 2024. Consolidated order intake and order book:
Order Intake: FY24 order intake of Rs. 18,102 crore, T&D and civil businesses are the major contributors.
Order book: Order book as on 31 March 2024 of Rs. 29,644 crore; Additionally, L1 of over Rs 7,000 crore.
Consolidated net debt and net working capital: Net debt including Acceptances stands at Rs 5,090 crore as on March 31, 2024, largely in line with March 31..
KEC bags new orders worth Rs 816 crore
KEC International, a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs 816 crore across its various businesses:
Civil: The business has secured orders for infrastructure projects in India:
Metals & Mining: Setting up of a Steel plant in Northern India Cement: Building a Cement plant in Central India Carbon Black: Establishing a plant for Carbon derivates in Eastern India
Transmission & Distribution (T&D): The business has secured orders for supply of towers in the United States of America.
Cables: The business has secured orders for..
KEC wins new orders worth Rs 1,004 crore
KEC International, a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,004 crores across its various businesses:
Transmission & Distribution (T&D): The business has secured orders for T&D projects in India and Americas:
Composite order for construction of transmission lines, substations and underground cabling in India Supply of towers, hardware and poles in Americas
Civil: The business has secured an order for a residential project from a renowned real estate developer in India.
Railways: The business has secured an order for 2 ..
IL&FS Requests New MMRDA Nod for Mumbai HQ Transfer
IL&FS has sought renewed approval from the Mumbai Metropolitan Region Development Authority (MMRDA) to transfer its headquarters within Mumbai. This move indicates IL&FS's commitment to navigating regulatory requirements amid ongoing restructuring efforts.
IL&FS's request for new approval underscores its determination to ensure compliance with all necessary regulations and expedite the headquarters transfer process. It reflects the company's efforts to streamline its operations and address administrative challenges as part of its restructuring endeavours.
The need for fresh appro..
Malaysian Carbon Credit Auction Begins July
In a significant move towards environmental sustainability, Malaysia's carbon exchange will host its first local carbon credit auction in July. This event marks a pivotal step in the nation's commitment to reducing carbon emissions and fostering a green economy.
The Malaysian carbon exchange aims to provide a structured marketplace for carbon credits, where companies can buy and sell these credits to offset their carbon footprints. This initiative aligns with global efforts to mitigate climate change by encouraging businesses to adopt more sustainable practices.
The auction w..
