KEC International has secured new orders worth ₹1,303 crore across its various business verticals, the company announced. The global infrastructure EPC major, part of the RPG Group, received these orders in the normal course of business, spanning Transmission & Distribution (T&D), Civil, Renewables, and Cables & Conductors segments. These strategic wins are expected to play a pivotal role in driving the company's targeted growth going forward.

Order Wins Across Business Segments

The latest order wins span multiple geographies and sectors, reflecting KEC International's diversified business presence. The following table summarizes the key project details:

Segment Highlights

The T&D business secured orders for projects across India and the Americas. Key wins include contracts for 400/220 kV substations and associated transmission lines from a reputed private developer in Southern India, as well as the supply of towers, hardware, and poles in the Americas. In the Civil segment, the company received an order for the construction of a press shop and associated facilities for an automobile factory in Northern India, placed by a prestigious client, widening the business's presence in the automobile segment.

The Renewables business secured an order for a 150+ MW wind project in Western India, awarded by a renowned private developer, strengthening the company's Wind EPC portfolio. The Cables & Conductors business secured various orders within India and in overseas markets, further diversifying its order book.

Management Commentary

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd., commented that the T&D business has significantly enhanced its order book with a repeat order from an existing private client. He added that the Civil business has added a marquee client to its portfolio, while the Renewables business has strengthened its position with successive order wins.

KEC International reported record revenue of ₹23,506 crore in FY26, representing a growth of 8% year-on-year. The company achieved an Operating PAT of ₹650 crore, an increase of 18% compared to the previous year. The order book stood at ₹36,267 crore, providing a strong visibility for future growth. The disclosures were made during the RPG Annual Investor Conference 2026 held on May 26, 2026.

Financial Performance

The company's financial performance for FY26 was driven by robust growth across its business segments. The Transmission & Distribution (T&D) segment reported a record revenue of ₹15,883 crore, a growth of 24% YoY. The Civil segment generated revenues of ₹3,823 crore, while the Cables segment reported revenues of ₹2,217 crore, growing by 23%. The Transportation segment achieved a revenue of ₹1,555 crore.

*Operating PAT excludes provision of ₹59 crore made in Q3 FY26 towards the new labour code & income of ₹24 crore from arbitration award last year in Q1 FY25.

Segment Highlights and Order Book

The T&D segment's revenue share increased to 68% in FY26 from 59% in FY25, supported by robust order inflows of approximately ₹17,700 crore. The Civil segment secured a robust order intake of over ₹5,000 crore, recording growth of more than 2x. The Cables business delivered its highest ever revenues, order intake, and profitability. The Renewables segment forayed into the Wind Energy segment, securing two orders for 100+ MW.

The total order book and L1 position stands at over ₹40,000 crore. The order book is diversified across segments, with T&D leading at approximately ₹25,200 crore, followed by Civil at around ₹10,400 crore.

Balance Sheet and Outlook

The company's net worth surpassed ₹6,000 crore, with Return on Net Worth maintained at 10%. Debt levels increased to ₹6,722 crore in Mar'26, attributed to elevated inventory due to delayed dispatches in Dubai, strategic inventory build-up amid steel price volatility, and muted collections in the Water business. Management expects debt levels to normalise further by Q2 FY27.

Looking ahead, KEC International identified key growth drivers including rising T&D demand in the Middle East and India, real estate opportunities, and AI-led data centre expansion. The company noted risks such as the West Asia crisis, labour availability, and delays in payments and claim settlements.