According to CareEdge Ratings, the pace of construction in India is projected to decline by 7-10% in FY25 due to heightened execution challenges. Despite a notable improvement to 34 km/day in FY24 from 28 km/day in FY23, the National Highway construction pace was still below the 37 km/day recorded in FY21. This decrease was attributed to execution difficulties and a more competitive landscape.
KEC International Ltd., a prominent global infrastructure Engineering, Procurement, and Construction (EPC) company under the RPG Group, has secured new orders totaling ₹1,036 crore across various business segments, both domestically and internationally.
Transmission & Distribution (T&D) Sector
United Arab Emirates (UAE): KEC International will undertake the construction of overhead transmission lines, reinforcing its presence in the Middle East. The T&D division has been awarded several significant contracts:
- Americas: The company has secured orders for the supply of towers, hardware, and poles, reflecting its strong market position in the region.
Railways Sector
In India, KEC International continues to strengthen its role in the railway infrastructure sector by securing orders in the conventional segment.
Cables Business
The company’s cables division has received orders for various types of cables, catering to both domestic and international clients.
Management’s Perspective
Vimal Kejriwal, Managing Director & CEO of KEC International Ltd., expressed satisfaction with these developments, stating: “We are pleased to begin the financial year with prestigious order wins, particularly in our T&D business. These order wins have significantly enhanced our order book in the International T&D market and further strengthened our presence in the Middle East.”
Strategic Implications
These diverse orders underscore KEC International’s robust capabilities and strategic focus:
- Global Reach: The contracts in the UAE and the Americas highlight the company’s expanding international footprint and its ability to meet varied infrastructure needs across different geographies.
- Sectoral Diversification: Engagements in T&D, railways, and cables demonstrate a well-diversified business portfolio, mitigating risks associated with dependence on a single sector.
- Domestic Commitment: The railway sector orders reaffirm KEC’s dedication to contributing to India’s infrastructure development, aligning with national growth objectives.
Market Response
The announcement of these substantial orders positively impacted KEC International’s market performance, with the company’s share price experiencing an uptick of nearly 3% following the news.
KEC International’s recent order acquisitions totaling ₹1,036 crore reflect its strong market position, diversified expertise, and strategic focus on both domestic and international infrastructure projects. These developments are expected to bolster the company’s growth trajectory and reinforce its status as a leading global infrastructure EPC player.
Group Media Publication
Construction, Infrastructure and Mining
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