KEC bags orders worth Rs 1,681 crore
KEC International Ltd, a global infrastructure EPC company, owned by RPG Group, has secured new orders of Rs 1,681 crore across various businesses, according to the company’s news release.
Its flagship Transmission and Distribution (T&D) business has secured orders of Rs 1,287 crore for T&D projects from Power Grid Corporation of India Ltd (PGCIL).
The company has also secured an order of Rs 254 crore for infra works in the water pipeline segment in India.
The company's smart infrastructure business has secured an order of Rs 63 crore as a Master System Integrator for Smart City ICT components for a greenfield smart city in India.
The cables business has secured orders of Rs 77 crore for various types of cables in India and overseas.
These orders are secured under the tariff-based competitive bidding (TBCB) route, the company has stated.
KEC International Ltd reported a net profit of Rs 145.07 crore in Q3 FY21, an increase of 0.1% as compared to a profit of Rs 144.92 crore in Q3 FY20. The company reported net sales of Rs 3,289.23 crore for Q3 FY21, an increase of 7.03% as against the net sales of Rs 3,073.11 crore for Q3 FY20.
KEC International is a leading power T&D, civil and smart infrastructure company.
Written from a company news release.