Commenting on the development, Managing Director and CEO Vimal Kejriwal said the new order wins across geographies highlight continued investment momentum in the global T&D sector.
“The award of our largest composite order in Saudi Arabia despite the current geopolitical situation is a positive indicator of continuing investments in the Middle East T&D market,” Kejriwal said, adding that the order in Africa signals a gradual recovery in the region’s transmission and distribution sector.He noted that these wins have significantly strengthened the company’s international T&D order book, taking its year-to-date order intake to around ₹22,800 crore.
The company had earlier, in February, announced fresh orders worth ₹1,002 crore across various business segments.Separately, during its third-quarter earnings call, the company said it had executed five data centre projects across India and continues to actively bid for new opportunities. Kejriwal indicated that the company aims to scale data centre revenues to around ₹1,000 crore annually over the next few years, primarily from civil construction work.
Looking ahead, the company expects order inflows to return to over ₹30,000 crore annually by FY27.
Meanwhile, the stock was also in focus after the Union Cabinet approved the extension of the Jal Jeevan Mission until 2028 with a total outlay of ₹8.69 lakh crore. The company believes the programme’s funding boost could help clear pending dues of around ₹800 crore and support project execution and cash flows across the sector.
Also Read: KEC hopes ₹800 crore Jal Jeevan Mission dues will be cleared after Cabinet funding boost
Shares of KEC International closed at ₹547.80, up ₹10.60 or 1.97%, on the BSE on Wednesday, ahead of the announcement.
