KEC International achieves record order book of Rs 425 billion

KEC International Ltd has recorded its highest-ever order book, including L1 positions, reaching over Rs 425 billion as of November 5, 2024. The confirmed order book stands at Rs 340.88 billion, with an L1 position valued at around Rs 85 billion.

From April 1 to November 5, 2024, KEC’s order inflow reached Rs 134.82 billion, marking a 50% growth over the same period in FY24. This inflow is split evenly between domestic and international orders.

In its power transmission and distribution (T&D) segment, cumulative orders totalled approximately Rs 84.94 billion, with SAE Towers, KEC’s overseas subsidiary, contributing Rs 8.09 billion. The power T&D segment accounted for 69% of KEC’s cumulative FY25 order inflows up to November 4 and 55% of the order book, excluding L1 positions.

KEC estimates a bidding pipeline worth around Rs 1.5 trillion across domestic and international markets. Vimal Kejriwal, MD & CEO, highlighted the company’s strong performance, with revenue growth, improved profitability, and reduced debt. Despite workforce and geopolitical challenges, KEC has maintained consistent growth, with PBT margins rising to 2.2% in Q2 FY25 from 1.5% in Q2 FY24.