KEC Net Profit doubles to Rs. 38 crore, Sales up by_25% to Rs. 572 crore - 01/12/2007
KEC International Limited (KEC) has recorded a sharp growth of more than 116% in its net profit (PAT) at Rs. 38.21 crore for the quarter ended 31st December 2006 as against Rs 17.67 crore in the same period last year. The Company reported gross sales of Rs. 572 crore as against Rs. 458 crore in the same quarter last year, an increase of 25%
Announcing the results, Mr. Ramesh Chandak, Managing Director, KEC said, “KEC continues to perform well on profitability front. Company’s policy of aggressive project execution measures and efficient utilisation of resources has resulted in impressive growth in the profitability. On revenues front, company continues to perform well in the International market with significant growth in revenues. Domestic market is now reviving with lot of new business expected in the ensuing quarters”.
KEC is one of the largest Power Transmission EPC companies in the world with presence in more than fifteen countries.
KEC is currently engaged in executing orders in various countries such as Algeria, Afghanistan, Ethiopia, Iraq, Kuwait, Libya, Nigeria, and UAE, Zambia.
In the domestic market too, KEC is a leading player and is executing no of orders for PGCIL, WBSEB and UPPCL etc.
KEC International is a part of the Rs. 9500 crore. RPG Group.