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July 11, 2018 01:12 PM | Business

KEC International eyeing 20% growth in order inflows for FY19, says CEO Vimal Kejriwal

The company is eyeing a growth of 20 percent in order inflows for FY19 over FY18, said Vimal Kejriwal, managing director and chief executive officer, KEC International.

In an interview to CNBC-TV18, Kejriwal said KEC International is in focus after bagging turnkey orders worth Rs 1,234 crore.

According to Kejriwal, out of Rs 1,357 crore orders, Rs 1,234 crore are from the transmission & distribution (T&D) sector.

After a long time, 90 percent of the orders have come from T&D sector and 75 percent of orders are from international market, Kejriwal added.

"The overall order book along with these orders stands at around Rs 17,000 crore of which T&D sector would be 70 percent and railways would be around 27 percent and rest would be civil and cables," he said.

Kejriwal said exports contributed around 45 percent, out of the total revenues of the company.

"In FY19, the topline growth would be around 15 percent and both exports and domestic would growth more or less in the same range," he said.

Talking about railways, Kejriwal said KEC International got Rs 800 crore orders in FY18 and expects Rs 1,500 crore in FY19. The current order of railways is Rs 5,000 crore.
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