financetom
Business
financetom
/
Business
/
KEC International eyeing 20% growth in order inflows for FY19, says CEO Vimal Kejriwal
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
KEC International eyeing 20% growth in order inflows for FY19, says CEO Vimal Kejriwal
Jul 11, 2018 4:12 AM

The company is eyeing a growth of 20 percent in order inflows for FY19 over FY18, said Vimal Kejriwal, managing director and chief executive officer, KEC International.

In an interview to CNBC-TV18, Kejriwal said KEC International is in focus after bagging turnkey orders worth Rs 1,234 crore.

According to Kejriwal, out of Rs 1,357 crore orders, Rs 1,234 crore are from the transmission & distribution (T&D) sector.

After a long time, 90 percent of the orders have come from T&D sector and 75 percent of orders are from international market, Kejriwal added.

"The overall order book along with these orders stands at around Rs 17,000 crore of which T&D sector would be 70 percent and railways would be around 27 percent and rest would be civil and cables," he said.

Kejriwal said exports contributed around 45 percent, out of the total revenues of the company.

"In FY19, the topline growth would be around 15 percent and both exports and domestic would growth more or less in the same range," he said.

Talking about railways, Kejriwal said KEC International got Rs 800 crore orders in FY18 and expects Rs 1,500 crore in FY19. The current order of railways is Rs 5,000 crore.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Ahead of US midterm elections, Elon Musk recommends voting for Republicans
Ahead of US midterm elections, Elon Musk recommends voting for Republicans
Nov 7, 2022
"Shared power curbs the worst excesses of both parties, therefore I recommend voting for a Republican Congress, given that the Presidency is Democratic," Musk wrote in a tweet.
UK finance minister Jeremy Hunt promises tax increases, spending cuts
UK finance minister Jeremy Hunt promises tax increases, spending cuts
Nov 13, 2022
Ahead of Thursday’s Autumn Statement, when he will update Parliament on the government’s budget measures, Jeremy Hunt said he was forced to make “very difficult decisions” in his attempt to curb inflation and put the economy back on an even keel.
US State Department says visa processing expected to reach pre-pandemic levels in FY 2023
US State Department says visa processing expected to reach pre-pandemic levels in FY 2023
Nov 18, 2022
The US visa processing is rebounding faster than projected and is expected to reach prepandemic levels in Fiscal Year 2023, the State Department has said, addressing the growing concern over backlog of visa applications from countries like India.
Don't see any sides surrendering in Russia-Ukraine war, says Thomas Loren Friedman
Don't see any sides surrendering in Russia-Ukraine war, says Thomas Loren Friedman
Dec 8, 2022
Many of global economies are expected to slip into a recession in the next few months. While developing economies like India may not see a recession, growth will certainly take a beating and exports will come under pressure. How can we navigate this uncertain environment? What can businesses do and what will the future look like? CNBC-TV18’s Shereen Bhan spoke to Thomas Loren Friedman, Pulitzer Winning Journalist and Columnist at the New York Times, and Uday Kotak, former CII President and MD and CEO of Kotak Mahindra Bank who are very keen watchers of the world economy.
Copyright 2023-2026 - www.financetom.com All Rights Reserved