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market | Dec 19, 2022 12:37 PM IST

KEC International expects these two segments to be the "joker in the pack"

By CNBCTV18.com | Dec 20, 2022 4:14 PM IST (Updated)

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With these orders, the company's year-to-date order intake has now surpassed the Rs 14,500 crore mark, a robust growth of 20 percent compared to last year.

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KEC International believes that its transmission and distribution (T&D) and solar power segments can turn out to be the proverbial joker in the pack going forward. The company also expects data centers to be a very big category going forward.

In an interaction with CNBC-TV18, MD & CEO Vimal Kejriwal said that he expects the company's EBITDA margin to inch higher from the March quarter of the current financial year and will be in the 8-10 percent range starting the next financial year.

Kejriwal also said that the company will reduce debt by Rs 500 crore in the March quarter.

Infrastructure engineering, procurement, and construction major KEC International on Monday bagged new orders worth Rs 1,313 crore across its various businesses.

The RPG Group company’s transmission & distribution (T&D) business has secured orders for projects in India, East Asia Pacific, and SAARC.

The orders secured by the company include a 220 kV gas-insulated substation (GIS) for a refinery project in India, a 500 kV transmission line in Thailand, and a 132 kV transmission line and associated substations in Nepal.

KEC International’s solar business has secured a large order for a 500 MW solar PV project in India

With these orders, the company's year-to-date order intake has now surpassed the Rs 14,500 crore mark, a robust growth of 20 percent compared to last year.

Earlier this month, the company had secured orders to the tune of Rs 1,349 crore across its various businesses.

KEC has a presence in the verticals of power transmission and distribution, railways, civil and urban infrastructure, solar, smart infrastructure, oil & gas pipelines, and cables.

Other Key Takeaways:

Maintain order inflow guidance of Rs 17,000 - 18,000 crore for the year

Order intake has been better than expected

International revenue will grow at 40 percent

Primarily international orders are from the US and UAE

Shares of KEC International are trading 1.6 percent higher at Rs 486.

(Edited by : Rukmani Krishna)

First Published: Dec 19, 2022 12:37 PM IST

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