KEC International gets Rs 1,215 cr order from India, overseas…

 

The KEC International Ltd, which provides EPC solutions to infrastructure sector, has got various orders worth Rs 1,215 crore for its transmission and cable businesses from both India and overseas.

The transmission business constitutes Rs 1,148 crore of the total order while the remaining Rs 67 crore is from the cable business, KEC International, a RPG Group firm, today said in a statement.

In the transmission business, the biggest order worth Rs 708 crore is from Saudi Electricity Company for design, supply and construction of 380 kV circuit overhead transmission line.

KEC International said its wholly-owned subsidiary SAE Towers has got Rs 196 crore orders from the US and Latin American countries.

Bhutan Power Corporation has awarded KEC International a Rs 180 crore order for supply and construction of 400 kV double-circuit transmission line.

Nepal Electricity Authority has placed a Rs 32-crore order for a 132kV transmission line.

In India, the Rs 32-crore order is from Power Grid Corporation for erecting a transmission line in West Bengal.

"In the cable business, the company has secured orders for the supply of power and telecom cables. The total value of these orders is Rs 67 crore," KEC International said.

Source

Read More...

KEC International bags orders worth Rs 7.56 bn...

 

KEC International, a RPG Group infrastructure EPC major, has secured new orders worth Rs 7.56 billion in transmission, water, power systems and cables businesses.

In transmission business, the company bagged orders in the Americas, Saudi Arabia and Abu Dhabi amounting to Rs 3.24 billion from SAE Towers and National Grid SA.

In water business, the company received three orders in India worth Rs 2.45 billion from Bangalore Water Supply Sewerage Board, Government of Uttarakhand and Water Resources Department of Madhya Pradesh.

In power system business, the company bagged an order for establishment of 220/ 400KV Gas Insulated Substation (GIS) at Kishanganj in Bihar. This order secured from Power Grid Corporation of India for worth Rs 1.02 billion.

In cables business, the company secured orders fro supply power and telecom cables. The total value of these orders is Rs 850 million.

Shares of the company gained Rs 0.5, or 1.01%, to trade at Rs 50.15. The total volume of shares traded was 308,280 at the BSE (12.38 p.m., Friday).

Source

Read More...

KEC International stock surges 7%

 

Shares of KEC International Ltd surged over 7% after consolidated net profit surged 34% to Rs 22 crore on 6.6% growth in net sales to Rs 1778 crore in Q2 September 2013 over Q2 September 2012.

The stock is current trading at Rs33, up Rs2.25.

The stock has hit a high of Rs33 and a low of Rs31.

Source

Read More...

KEC recorded net sales of Rs. 1,746 Crores...

 

KEC International Ltd (KEC) has recorded the net sales of Rs. 1,746 Crores during the Q1 of June 2013 as against Rs. 1,364 Crores during the same period last year.

 

KEC International Ltd, a global infrastructure EPC major, an RPG Group company, today announced its unaudited consolidated results for the quarter ended June 30, 2013.

Net Sales for the quarter stands at Rs1,746 crore as against Rs1,364 crore in the corresponding quarter of previous year with an increase of 28% Y-o-Y.

Consolidated Financials of the company:

• EBITDA for the quarter stands at Rs88 crore as against Rs103 crore in the corresponding quarter of previous year.
• Profit After Tax (excluding exceptional item, net of taxes) is Rs3 crore as against Rs 33 crore in the corresponding quarter of previous year.
• The exceptional item is related to implementation of Voluntary Retirement Scheme (VRS) at Thane cable manufacturing facility. The total cost of VRS is Rs 18 crore (net of taxes Rs 12 crore).

The Company has secured new orders in Transmission and Telecom businesses of ` 804 crore. Details are as follows:
Order Intake and Order Book

According to the company, it has secured new orders worth Rs. 804 Crores in the fields of Power Transmission as well as Telecom sectors:

• Company has entered Tanzania by securing an order for design, supply and erection of 400 kV double circuit transmission line under the Tanzania Backbone Transmission Investment Project. The order valued at Rs. 772 Crores is secured from Tanzania Electric Supply Company Limited.
• In the Telecom business, the order is for establishing Optical Power Ground Wire (OPGW) communication network in the Western region of India. The order is secured from Power Grid Corporation of India (PGCIL). The order value is Rs 34 crore.

Including these orders, total order intake during current financial year is Rs2,185 crore. The order book continues to remain robust and it stands at Rs10,056 crore.

Click below to view the real-time stock prices of KEC International.

 

 

---

More literature on this topic...

• http://www.indiainfoline.com/Markets/News/KEC-International-Q1-net-sales-up-28-percent/5748696184
• http://www.kecrpg.com/KEC%20data/Investor%20relations/financial%20results/Financial%20Result%20-%20June%202012.pdf

---

Read More...

KEC International received various orders for Power Transmission projects…

Power India found that, KEC International Ltd has begged a orders from various companies such as Power Grid Corporation, Democratic Republic of Congo etc for the power transmission projects.

 

• Power Grid Corporation of India has placed an order for constructing a 765kV double-circuit line spanning 178 km from Wardha to Aurangabad in Maharashtra. The order, valued at Rs.320 crore, is scheduled for completion in 32 months.

 

• KEC has has received an order from Bangladesh  valued at Rs.243 crore. The order is for design, supply and construction of 230kV double-circuit transmission line on turnkey basis between Barisal- Bhola-Borhanuddin, for transmission utility Power Grid Company of Bangladesh Ltd. The 61-km line including 5.5 km of river-crossing, is expected to be built in 24 months.
  
• KEC International also won its first order from the Democratic Republic of Congo. Valued at Rs.213 crore and to be completed in 17 months, the turnkey order involves supply and installation of optical power ground wire (OPGW), aggregating 2,200 km, on existing 220kV and 500kV transmission lines for Societe Nationale D'electricite (SNEL).
  
• KEC has received an order for design, supply and construction of three 132kV substations on turnkey basis in East Nairobi, Kenya. The Rs.60-crore order was placed by Kenya Electricity Transmission Company. To be completed in 18 months, this is the second order for substations from Kenya in last 4 months.

 

---

More Literature on this topic:

• http://www.utilityproducts.com/news/2012/05/11/kec-international-wins-slew-of-orders.html

---

Read More...

KEC bagged orders work Rs. 1416 Crs…

An update from Money Control

---

KEC International has bagged orders worth Rs 1416 crore, reports CNBC-TV18.

It touched an intraday high of Rs 68.70 and an intraday low of Rs 63.50. At 10:48 hrs the share was quoting at Rs 65.60, up Rs 1.50, or 2.34%.

It was trading with volumes of 276,030 shares, compared to its 5-day average of 54,965 shares, an increase of 402.20%.

In the previous trading session, the share closed up 0.39% or Rs 0.25 at Rs 64.10.

The company's trailing 12-month (TTM) EPS was at Rs 5.72 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 11.53. The latest book value of the company is Rs 33.65 per share. At current value, the

price-to-book value of the company was 1.96. The dividend yield of the company was 1.82%.

 

 

--------------------------------

This work is licensed under a Creative Commons license.

Read More...

KEC International sees 20% uptick in revenue…

Buoyed by the growth prospectus in the power sector in domestic as well as international markets, infrastructure EPC major KEC International said it is eyeing 20 per cent annual growth in revenue this year.
"Currently, the power sector is witnessing a slowdown in the domestic market, but there is huge demand in the international market. Since we are present in both, we expect to grow 20 per cent every year," KEC International managing director and chief executive Ramesh Chandak told PTI here.
KEC, the flagship company of the RPG Group, which operates in five verticals, including power transmission, power cables, telecom, railways and water, has businesses in 40 countries and an order book of over Rs 8,400 crore.
"All the five sectors, in which, we are operating are quite promising. Despite the challenging global economic environment, our strong global presence and diversified business portfolio has helped us in securing new orders," he said.
Transmission is the core business of the company with nearly 70 per cent revenue contribution.
"We expect more orders coming from this sector over the next one year, even as the other sectors will slowly grow," he said.
On the domestic power sector scenario, Chandak said, "We are bullish on its growth here. Though there is a slowdown on the generation side due to uncertainty on fuel availability and other challenges, we expect the situation to get better over the next year. But the transmission sector has not been affected as we continue to get orders from the PowerGrid."
While 60 per cent of its orders come from the international market, 40 per cent is contributed by the domestic market, he said.
"Since we have presence in so many countries, KEC is well placed for achieving its growth targets," Chandak said.

Read More...