KEC International - Moving From Strength To Strength; Outlook Improving: Motilal Oswal
KEC International Ltd. transmission towers. (Source: Company website)

KEC International - Moving From Strength To Strength; Outlook Improving: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

The momentum in order wins continued into Q1 FY22, with KEC International Ltd. winning ~Rs 30 billion worth orders in FY22 year-to-date (versus Rs 7 billion YoY).

This clearly indicates that the impact of the second Covid-19 wave has been minimal on ordering intensity, albeit for railways, which has witnessed some delays.

Tenders under evaluation and in the pipeline stood over Rs 650 billion, thus indicating healthy potential order wins ahead.

The management said it is seeing a steady revival in private capex, with an improving outlook across sectors like metals, mining, cement, and realty.

The uptick in oil prices has led to significant opportunities arising from the Middle East and North Africa region.

Click on the attachment to read the full report:

Motilal Oswal KEC International Company Update.pdf

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