KEC International secures new orders worth ₹1,079 crore in T&D and cables businesses

It involves 765 kilovolt (kV)/ 400 kV transmission lines order from a reputed private developer in India and 230/132 kV transmission line orders in Saudi Arabia and Oman. KEC International said orders also pertained to upgradation of an existing 400 kV transmission line in the United Arab Emirates as well as supply of towers, hardware and poles in Americas.

Along with this, the business has secured orders for supply of various types of cables in India and overseas.

Vimal Kejriwal, MD and CEO at KEC International said the order in India T&D from a private developer has enhanced the firm’s presence in the country’s T&D market while further diversifying its clientele.

“The significant orders across Saudi Arabia, Oman and the UAE have substantially expanded our International T&D order book in the Middle East. With these orders, our YTD order intake has surpassed ₹8,700 crore, reflecting an impressive growth of approximately 60% compared to last year,” he said.

Meanwhile, during the first quarter of fiscal year 2025, KEC International reported a 6% year-on-year (YoY) rise in its revenues at ₹4,512 crore. Earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 20% YoY to ₹294 crore while EBITDA margins improved to 6.5% from 5.8% a year ago.

Net profit rose 107% YoY to ₹88 crore during the quarter while profit margin improved to 1.9%. The company’s EBITDA for Q1FY25 includes an amount of ₹24 crore received towards an arbitration award.

The company’s net debt including acceptances stood at ₹5,596 crore as of June 30, 2024, registering a reduction of more than ₹100 crore compared to Jun 30, 2023.

Shares of the company have risen over 44% this year. The stock has gained over 33% in the last one year.