KEC International wins Rs 1,030 crore orders, takes YTD intake beyond Rs 8,600 crore

KEC International Ltd has secured new orders worth Rs 1,030 crore across its Transmission and Distribution, Renewables, and Cables and Conductors businesses, lifting its year-to-date order intake to more than Rs 8,600 crore.

The order wins extend the company’s overseas transmission footprint while also adding a sizeable wind engineering, procurement and Construction project in India. The latest order value is equivalent to about 4.4 per cent of KEC’s consolidated FY26 revenue of Rs 23,506 crore, underlining that the order is meaningful even though it is spread across multiple businesses.

In the Transmission and Distribution business, KEC has won a contract for a 400 kV transmission line in Bhutan, marking its return to the country. It has also received an additional order for a 380 kV transmission line in Saudi Arabia, alongside orders to supply towers, hardware and poles in the Americas.

The Bhutan and Saudi Arabia projects reinforce the importance of international operations for KEC’s core T&D business. The company operates in more than 110 countries and has manufacturing facilities across India, the UAE, Brazil and Mexico, which support tower, pole, hardware, cable and conductor supplies for overseas projects.

The Renewables business has secured a 300+ MW wind project from a private developer in southern India. This follows KEC’s stated strategy of expanding beyond Solar EPC into wind, hybrid-energy and energy-storage opportunities. During FY26, the renewables business reported revenue of over Rs 500 crore and secured its first wind-energy project, making the latest contract a further step in building a wind EPC order pipeline.

KEC’s Cables and Conductors business also received multiple orders from India and overseas markets. The segment supports the company’s EPC operations as well as standalone product sales, while management has been pursuing higher-value specialty cable opportunities to improve the business mix.

Vimal Kejriwal, Managing Director and Chief Executive Officer, said the T&D wins had strengthened the Order Book and diversified the company’s international footprint. He added that the wind order brought a marquee private-sector client into KEC’s renewables portfolio.

The order momentum comes at a time when the company is navigating execution and profitability pressures. In the June 2026 quarter, consolidated net sales were broadly flat year-on-year at Rs 5,023.54 crore, while profit after Tax fell 41.72 per cent to Rs 72.62 crore. Management attributed the pressure largely to Middle East Logistics disruptions, delayed project execution and legacy costs in transportation and civil projects, rather than a broad slowdown in demand.

T&D remains the company’s largest business and key earnings driver. It generated revenue of Rs 15,883 crore in FY26, up 24 per cent year-on-year, while the company’s consolidated order book stood at Rs 36,267 crore as of March 31, 2026. The new wins offer further support to KEC’s stated focus on grid expansion, renewable-energy evacuation and international transmission infrastructure.

As of 10:02 AM on October 9, 2026, KEC International shares were trading at Rs 354. The stock was 1.19 per cent higher than the previous close, but remained about 58.9 per cent below its 52-week high of Rs 861.80 and only around 1.2 per cent above its 52-week low of Rs 349.85. Over the past year, the stock has declined 59.76 per cent, compared with a 6.73 per cent fall in the BSE 500.

The pace at which these fresh orders convert into revenue and cash flows will remain important, particularly as management works to reduce working-capital intensity and recover margins affected by logistics costs and delayed project closures.

Disclaimer: The article is for informational purposes only and not investment advice.