KEC International Ltd, a prominent player in infrastructure development, announced on November 29 that it has secured orders worth ₹1,040 crore in its Transmission and Distribution (T&D) business from international markets. These include contracts for supplying towers, hardware, and poles to clients in the Americas, alongside the construction of 220 kV transmission lines in the Commonwealth of Independent States (CIS) region.
Commenting on the milestone, Vimal Kejriwal, Managing Director and CEO of KEC International, stated, “These new orders highlight the strong momentum in our T&D business. The CIS project has further cemented our presence in this market, while multiple wins by our subsidiary, SAE Towers, in the USA, Mexico, and Brazil, demonstrate robust growth in the Americas. With these orders, our year-to-date intake now exceeds ₹17,300 crore, marking an impressive 75% growth compared to last year.”
For the second quarter ending September 30, 2024, KEC International reported a 53% year-on-year (YoY) rise in net profit to ₹85.4 crore, compared to ₹55.8 crore in the same period last year. Revenue from operations grew by 13.7% to ₹5,113.3 crore from ₹4,499 crore, while EBITDA increased by 16.7% to ₹320.2 crore from ₹274.4 crore, with EBITDA margins improving to 6.3% from 6.1%.
The company also achieved significant financial optimization, reducing net debt by ₹1,074 crore to ₹5,265 crore as of September 30, 2024. Net working capital days were slightly reduced to 130 days, down by three days year-over-year. Interest expenses as a percentage of revenue declined to 3.3% from 4.0%, while profit before tax surged to ₹113 crore from ₹66 crore, improving the Profit Before Tax margin to 2.2% from 1.5%. The robust performance and strong order pipeline underscore KEC International’s growing influence in the global T&D market, reinforcing its position as a key player in infrastructure solutions.
KEC International is a global infrastructure EPC leader operating in sectors such as Power Transmission & Distribution, Civil, Railways, Urban Infrastructure, Renewables, Oil & Gas Pipelines, and Cables. Currently executing projects in over 30 countries and maintaining a presence in more than 110 countries, KEC International is the flagship company of the RPG Group.
Founded in 1979, RPG Enterprises is one of India’s rapidly expanding business groups with a turnover of $4.8 billion. Its diverse portfolio spans Infrastructure, Tyres, Pharmaceuticals, IT, Specialty Businesses, and innovation-driven technology sectors.
