In chat with Anil Singhvi, KEC International MD and CEO Vimal Kejriwal speaks on company's outlook, debt and more
In chat with Zee Business Managing Editor Anil Singhvi, Managing Director (MD) and Chief Executive Officer (CEO) of KEC International, Vimal Kejriwal talks about company’s new orders, business outlook, debt situation and more. (#NewsParViews)
In chat with Zee Business Managing Editor Anil Singhvi, Managing Director (MD) and Chief Executive Officer (CEO) of KEC International, Vimal Kejriwal talks about company’s new orders, business outlook, debt situation and more. (#NewsParViews)
Kejriwal said that out of the Rs 1140 cr new orders, 85 per cent is related to international T and D (Transmission and Distribution) while the remaining 10 per cent and 5 per cent is of Railways and civil. He said that though the current orders from railways are small, they are expected to go up going forward. As for civil segment, KEC International has made an entry into oil and gas sector, he further said.
See Zee Business Live TV Streaming Below:
The MD said that the interesting thing about its current orders is that they are from the segments where KEC Wanted to go ahead.
KEC International a RPG Goenka Group Company has a strong hold in the EPC (Engineering Procurement and Construction) segment. With businesses over 100 countries, KEC International is India’s second biggest electric power transmission tower manufacturer.
Watch Zee Business Tweet Video Below:
KEC इंटरनेशनल की सिविल ऑर्डर के जरिए ऑयल & गैस सेक्टर में भी एंट्री...#NewsParViews में कंपनी के MD & CEO विमल केजरीवाल ने कहा- लागत बढ़ने से मार्जिन पर कुछ दबाव संभव#KECInternational #TransmissionTowers @AnilSinghvi_ @kejriwalv1 @KEC_Intl pic.twitter.com/JztOKaXcII
— Zee Business (@ZeeBusiness) March 3, 2021
Size of Order Book
Kejriwal said that the orderbook is worth Rs 19,800 cr. It also has L1 worth Rs 6,500 cr. This takes the order book value to Rs over 26,000 cr, he said. The last year’s revenues were around Rs 12,000 cr.
Business Scenario and outlook
Kejriwal said that the orders are coming from Railways and Civil sectors. The T and D orders are coming from international sources. He said that India T and D still looks weak.
On Debts
The long term debts are going down gradually. They are now at Rs 53 cr from 541 cr in March 2019. Meanwhile short term debt is rising. The CMD said that the company does not have a big capital expenditure. It buys construction equipment worth Rs 200-Rs 250 cr annually. The company has repaid it long term debt whose interest rates were quite high. The entire working capital now is in the form of debts, he said. The interest rates is being leveraged well which is bringing down the cost, he further said.
Shares of KEC International today ended at Rs 459.30, down by 0.8 per cent.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
04:35 PM IST