KEC International Limited, a global infrastructure EPC major and part of the RPG Group, has announced securing new orders worth Rs. 1,402.00 crores across its various business segments, significantly bolstering its order book.

Diverse Order Portfolio

The company's Transmission & Distribution (T&D) business has clinched two notable contracts:

1. A 765 kV transmission line project from a prominent private player in India
2. Supply of towers, hardware, and poles in the Americas

In the Civil sector, KEC International has received a repeat order for a high-rise residential project from a well-known real estate developer in Northern India. This repeat business underscores the company's strong reputation and client relationships in the Buildings & Factories (B&F) segment.

The Cables & Conductors division has also contributed to the order influx, securing contracts for the supply of various types of cables and conductors both in India and overseas markets.

Strong Year-to-Date Performance

Mr. Vimal Kejriwal, MD & CEO of KEC International Ltd., expressed satisfaction with the company's recent achievements, stating, "We are pleased with the order wins across our businesses. In the India T&D business, we have expanded our customer base by securing a prestigious order from a reputed private player."

Highlighting the company's robust performance, Mr. Kejriwal added, "With these additions, our YTD order intake has surpassed Rs. 8,400.00 crores. These orders, along with the orders announced earlier during the year, will substantially contribute towards our targeted growth going forward."

Strategic Implications

The diverse nature of these new orders reflects KEC International's strong market position across multiple infrastructure sectors. The company's ability to secure repeat orders, particularly in the competitive real estate sector, demonstrates its execution capabilities and client satisfaction.

Moreover, the expansion into private sector T&D projects in India indicates KEC's strategic move to diversify its client base beyond traditional public sector undertakings.

As a global player with a presence in over 110 countries, these new orders are expected to reinforce KEC International's position in the infrastructure EPC market, both domestically and internationally.

With these new contracts, KEC International continues to build on its reputation as a key player in infrastructure development, contributing to its parent RPG Group's growth trajectory in the infrastructure, tyres, pharma, IT, and specialty sectors.

KEC International Limited, a global infrastructure Engineering, Procurement and Construction (EPC) major, has announced the extension of a significant corporate guarantee for its subsidiary. The company has prolonged an existing corporate guarantee of AED 175 million (approximately INR 395.00 crore) issued on behalf of Al Sharif Group & KEC Limited Company, a subsidiary of KEC International.

Extended Guarantee Details

The corporate guarantee, which was issued in favor of an overseas bank providing banking facilities to the subsidiary, has been extended until August 14, 2028. This extension demonstrates KEC International's continued support for its subsidiary's operations and financial arrangements.

Financial Implications

KEC International has clarified that the corporate guarantee represents a contingent liability for the company. As of now, there is no immediate financial impact on KEC International's books. The company stated, "Presently, there is no impact of this guarantee on the Company."

Corporate Governance

It's worth noting that the promoter, promoter group, and group companies have no interest in this transaction, ensuring transparency and adherence to good corporate governance practices.

Company Background

KEC International Limited, part of the RPG Group, is a global infrastructure Engineering, Procurement and Construction (EPC) major. The company has a presence in the verticals of Power Transmission and Distribution, Railways, Civil, Urban Infrastructure, Solar, Smart Infrastructure, Oil & Gas Pipelines, and Cables.

This extension of the corporate guarantee aligns with KEC International's strategy to support its subsidiaries' growth and operations in international markets. The move is likely aimed at enabling Al Sharif Group & KEC Limited Company to continue leveraging banking facilities for its business activities in the region.

As KEC International continues to expand its global footprint, such financial arrangements play a crucial role in supporting its subsidiaries' operations and contributing to the company's overall growth strategy in the infrastructure sector.