KEC International Strengthens Global T&D Portfolio With ₹1,476 Crore Orders

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KEC International has recently secured a new order worth ₹1,476 crore across geographies, which includes Saudi Arabia, India, Africa and America. This has increased the order value of the company to around ₹22,800 crore.

In the latest turn of events, KEC International has secured a deal worth ₹1,476 crore across India, the Middle East, Africa and America. Out of these geographies, the deal's largest composite is the transmission and distribution (T&D) deal in Saudi Arabia.

As per the company, the order book now includes a 380 kV transmission line, substations and extra-high voltage (EHV) cabling project in Saudi Arabia. Ahead of the announcement, KEC International’ shares closed at ₹547.80, up ₹10.60 or 1.97%, yesterday.

What does this new order intake reveal about KEC International’s global infrastructure footprint?

The Middle East project includes high-voltage infrastructure at the 380 kV level. This infrastructure supports large-scale electricity transmission across national grids.

The contract is a composite engineering, procurement and construction (EPC) mandate. Projects of this type cover design, engineering, procurement and installation. Securing such work indicates the company’s ability to handle complex transmission assignments.

KEC’s management noted that securing the largest composite order in Saudi Arabia despite geopolitical uncertainties reflects sustained investment momentum in the Middle East’s transmission sector.

The project further consolidates KEC’s footprint in international markets, where the company has built a strong presence through power transmission, railway infrastructure, civil construction and cable manufacturing businesses.

The new orders add to KEC International’s existing business pipeline. With this, the company’s year-to-date order inflows stand at about ₹22,800 crore.

The trend also reflects steady demand for transmission infrastructure in several global markets where governments are investing in power networks.

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The latest wins expand KEC International’s order pipeline. They also strengthen the company’s presence in overseas transmission markets.

The order from Saudi Arabia points to ongoing spending on power infrastructure in the Middle East. If the pace of new orders holds, KEC International could move closer to its aim of crossing ₹30,000 crore in annual order inflows by FY27.

Sources:

CNBC

Business Standard

This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their own research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.

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