KEC secures orders across sectors

KEC International, a global Infrastructure Engineering, Procurement and Construction (EPC) company promoted by RPG Group has won new orders for a consideration of Rs. 1,010 crore. The stock of KEC International witnessed volatile trade where it hit a high and low of 2 per cent and 1.2 per cent, respectively and ultimately closed flat. The trend remains bearish for now.

Under Transmission & Distribution which holds 60.6 per cent of the Q1FY19 net sales has secured turnkey orders worth Rs. 491 crore across the country as well as Saudi Arabia and the Americas. It has received GIS substation and other orders across India from PGCIL, while variation orders in the Middle East and the Americas orders from SAE Towers.

Under the cables segment which accounted for 12.3 per cent of Q1FY19 net sales has secured orders worth Rs. 250 crore for varied types of cables. The solar segment which contributed around 7.6 per cent to the recent quarter's net sales received orders worth Rs. 195 crore. Lastly, the civil segment which was 5.7 per cent of the Q1FY19 net sales secured orders of Rs. 74 crore from auto and cement companies for civil and structural tasks.

Overall, the company generates its revenue from India (54.3 per cent in FY18), Saudi Arabia (7.6 per cent) and 38.1 per cent from other countries.