KEC International - Domestic Non-T&D, International T&D Business To Drive Growth: Axis Securities
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Axis Securities Report
We attended the virtual investors' conference organised by KEC International Ltd. Our key takeaways from the conference are as under:
The company has a robust order book position and level-I of Rs 25,000 crore with transmission and distribution and non-T&D share at 55:45.
Furthermore, a strong bid pipeline of Rs 65,000 crore is under evaluation.
To date, order intake for FY22 stands at Rs 3,000 crore and the management is confident of securing more orders under its various verticals during the year.
The company continues to focus more on international T&D orders as it sees a large opportunity in international orders in its various operating regions.
Over the years, the Indian railway has become a significant part of the company’s order book.
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