Mumbai, February 16, 2021: KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,681 crore across its various businesses:
Transmission & Distribution:
The business has secured orders of Rs. 1,287 crore for T&D projects from Power Grid Corporation of India Ltd. (PGCIL) and other customers in India, SAARC and the Americas.
The business has secured an order of Rs. 254 crore for infra works in the Water Pipeline segment in India.
The 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 business has secured orders of Rs. 77 crore for various types of cables in India and overseas.
Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd commented, “We are delighted with our new order wins, especially the prestigious fast track orders in the Green Energy Corridor from PGCIL. These orders secured under the Tariff Based Competitive Bidding (TBCB) route will contribute significantly towards the growth in the Domestic T&D market which had been sluggish for past few quarters. We are also pleased with the second order secured in the water pipelines segment, which further strengthens the portfolio diversification in our Civil business. The above orders will play a significant role in maintaining our revenue growth in the coming quarters.”
About KEC International Limited
KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major. It has presence in the verticals of Power Transmission and Distribution, Railways, Civil, Solar, Smart Infrastructure and Cables. The Company is currently executing infrastructure projects over 30 countries and has a footprint in 100+ countries (includes EPC & Supply). It is the flagship Company of the RPG Group.
About RPG Enterprises
RPG Enterprises, established in 1979, is one of India's fastest growing business groups with a turnover of US$ 4 Billion. The group has diverse business interests in the areas of Infrastructure, Tyres, Pharma, IT and Specialty as well as in emerging innovation led technology businesses.