Infrastructure engineering, procurement and construction (EPC) major KEC International on Wednesday secured multiple new orders worth Rs 1,028 crore across its various businesses.

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The company has secured new orders in the transmission and distribution project segment in East Asia Pacific, the Middle East, and the Americas.

The new orders include a 500/230 kV GIS substation order in Thailand, a 110 kV Transmission line order in Saudi Arabia, a supply of towers in the Middle East & a supply of towers, hardware & poles in the Americas.

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The company has also bagged a project in the logistics segment in India and for various types of cables in India and overseas.

"We are pleased with the continuous inflow of orders, especially in our T&D and civil businesses. The orders in T&D have significantly expanded our order book in the international T&D market.

Our civil business has further diversified its presence with its maiden order in the logistics segment from a reputed private player. With the above orders, our YTD order intake stands at a record level of Rs 19,600 crore, a robust growth of nearly 30 percent vis-à-vis last year," said Vimal Kejriwal, managing director, and chief executive officer.

In an interview with CNBC-TV18 on February 21, Kejriwal stated that the company expects an 8-10 percent margin for the new orders as most of them are for the Jal Jeevan Mission.

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"We expect revenue of Rs 3,400-3,500 crore from the civil business in FY23 and Rs 5,000 crore in FY24. The debt in Brazilian operations is Rs 400-500 crore with an interest rate of 18-20 percent. By the end of Q2FY24, we expect to be PBT positive for Brazilian operations," he added.

The company reported a decline of 81 percent in net profit for Q3, EBITDA margin also saw a slide of more than 250 bps.

The stock is currently trading with gains of 2 percent at Rs 460 per share and is flat for the week.

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