KEC reports year-on-year order inflow growth in FY21

KEC International has reported new order inflow of nearly Rs.12,000 crore in the year ending March 31, 2021, marking a 4.8 per cent year-on-year growth.

The order inflows for FY21 (April 1, 2020 to March 31, 2021) stood at Rs.11,876 crore as against Rs.11,331 crore in FY20.

In a release announcing the company’s financial results for FY21, Vimal Kejriwal, MD & CEO, KEC International Ltd, observed, “We are pleased that we have ended the year on a good note with a growth in revenue and order intake, amidst a challenging environment. Our non-T&D businesses namely railways and civil have been the primary growth drivers for the year. Our robust order book, geographical & business portfolio diversification, and asset light model is paying off well in the current environment. With an order book and L1 pipeline of over Rs. 25,000 crore, we are confident of delivering a good growth in FY22.”

As of March 31, 2021, the company’s outstanding order book position was Rs.19,109 crore. Including orders where KEC was L1 but not yet booked, the order book position was well over Rs.25,000 crore.

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Of the total order inflows of Rs.11,876 crore, around 58 per cent came from the power T&D sector. Though power T&D dominated order inflows in FY21, there was a significant inflow from non-power T&D businesses like civil and railways.

The power T&D segment accounted for 55 per cent of the outstanding order book (excluding L1) of Rs.19,109 crore, as of March 31, 2021.  The corresponding metric as of March 31, 2020 was somewhat lower at 49 per cent.