KEC International Ltd (KEC), the flagship company of the RPG Group, has secured new orders of Rs 1,866 crore across its various businesses. Of the total orders, the company’s transmission and distribution business has been awarded orders worth Rs 1,333 crore. This covers Rs 1,218 crore international orders including a turnkey order for construction of 220kV transmission lines from Ghazni to Kandahar East in Afghanistan, an order for construction of 132 kV transmission lines and 33 kV substation for connection of Luangwa district to the national grid in Zambia, an order for construction of 400 kV transmission line from New MA’AN to Qatrana in Jordan, an order for construction of 110 kv transmission line from Marrupa to Cuamba in Mozambique, and supply and construction orders across the regions in America.

The remaining Rs 115 crore orders are domestic, which include a project from PGCIL for construction of 132 kV GIS substations in Sikkim and an order in JV from Karnataka Power Transmission Corporation Ltd for substation and underground cabling works.

While the railways business of the company bagged orders of Rs 390 crore for overhead electrification works, civil engineering works, signaling and telecommunication works etc. in Jabalpur and Guwahati, a total of Rs 143 crore worth orders have been awarded to the company’s cables business.

Vimal Kejriwal, MD and CEO, KEC International, said, “we continue to consistently outperform on the profitability front despite the challenging economic scenario in some of our markets over the last few months. The international business sentiment is clearly picking up as is evinced by an uptick in our international order intake and L1 positions. Further, we have successfully rebalanced our ME portfolio with the new order win in Jordan and earlier order win in Egypt. Railways business continues to witness a rapid built-up on the back of consecutive large order wins thereby reaffirming our confidence in the railways growth story. We have a strong order book position and robust L1 pipeline which gives us good visibility and confidence going ahead.”

Meanwhile, the company on Tuesday reported a 139% year-over-year growth in its third quarter net profit at Rs 63 crore as against Rs 26 crore in the same quarter last fiscal. Shares of the company were trading at Rs 151.05, up 1.96% from the previous closing of Rs 148.15, on BSE on Wednesday at 12.50 pm.

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