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KEC International secures orders worth Rs 1438 crore; expects to complete within 12-18 months

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KEC International, the flagship company of RPG Enterprises, has secured orders worth Rs 1,438 crore and it expects to complete new orders within 12-18 months.

KEC International, the flagship company of RPG Enterprises, has secured orders worth Rs 1,438 crore and it expects to complete new orders within 12-18 months.
Speaking in an interview with CNBC-TV18, Vimal Kejriwal, MD & CEO of the company said, “With this order intake our total order for the year is around Rs 5,800 crore and the total order book is around Rs 18,700 and we have L1 of Rs 5,600 crore. So our order book and L1 together is Rs 24,000 crore.”
He said his company expects the margin to be between 8 percent and 10 percent for the new orders.
According to him, the order intake has been slower compared to last year but by end of Q4, he expects the orders to pick up.
For the entire interview, watch the video