India's KEC International Secures INR 17.54 Billion Orders in Transmission & Cable Business
2026-07-06 14:36
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en.Wedoany.com Reported - Shares of KEC International rose 4.63% to INR 539.15 after the company announced new orders worth a total of INR 17,540 million in its Transmission & Distribution (T&D) and Cable & Conductor businesses. These orders involve supply, construction, and related services in both domestic and international markets.

The Transmission & Distribution business secured several significant orders in the Americas for the supply of high-voltage transmission line towers, including what the company described as its largest tower supply order from the United States. The Cable & Conductor division obtained multiple orders in India and other overseas markets, strengthening its geographical diversification. These orders are seen as a reflection of growing demand in the U.S. transmission and distribution market.

Managing Director and CEO Vimal Kejriwal expressed satisfaction with the new orders, noting that repeat contracts from clients in the Americas, including the largest tower supply order in U.S. history, indicate the growth momentum of the tower sales business globally. He emphasized that the recent contracts validate the strategic focus on strengthening tower sales, and added that with the new orders, the company's year-to-date order intake has exceeded INR 40,000 million.

KEC is a global infrastructure engineering, procurement, and construction company, with operations spanning transmission and distribution, civil, transportation, renewable energy, oil and gas pipelines, and cables. The company reported that its consolidated net profit for the quarter ended March 31, 2026, fell 28.11% year-on-year to INR 1,927.9 million, compared to INR 2,681.9 million in the same period last year. Operating revenue for the same quarter declined 7.01% year-on-year to INR 63,897.5 million.

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