KEC International Expands Railway Business with Rs 1,042 Crore Order Wins

KEC International, a prominent Indian engineering, procurement, and construction (EPC) firm, has announced that it has secured new orders amounting to a cumulative value of Rs 1,042 crore, according to an exchange filing on July 5. The company highlighted that a significant portion of these orders pertains to overseas clients, marking its railway business' first foray into global markets.

While specific details about the international signaling and telecommunication project in the SAARC region were not disclosed, KEC International expressed its delight in securing its maiden international order in the railway business segment. In the civil business, the company highlighted that it has secured an order from a reputable steel player in India in the metals and mining segment.

In the Transmission & Distribution (T&D) category, KEC International noted that it has received orders for projects in India, Middle East, Europe, and Americas. These include setting up an overhead transmission line in the Middle East and the supply of towers in India, Europe, and the United States. Additionally, KEC's subsidiary SAE Tower has secured orders for the supply of towers, hardware, and poles in the Americas.

The company also mentioned receiving orders for various types of cables both in India and overseas, although specific details regarding the monetary value of these orders were not disclosed.

Vimal Kejriwal, the Managing Director and CEO of KEC International, expressed satisfaction with the new order wins across different business verticals. He emphasized the successful expansion of the railway business into international markets by leveraging the strong presence of the T&D business. Kejriwal also highlighted the strengthening of the civil business's order book in the industrial segment and the tower supply order from Europe, which reflects the company's dedication to diversifying its tower sales geographically.

In the trading session on July 5, KEC International's stock settled at Rs 575.70 on the BSE, representing a 0.13 percent increase compared to the previous day's closing price.