KEC International sees 20% uptick in revenue

MUMBAI: Buoyed by the growth prospectus in the power sector in domestic as well as international markets, infrastructure EPC major KEC International said it is eyeing 20 per cent annual growth in revenue this year.

"Currently, the power sector is witnessing a slowdown in the domestic market, but there is huge demand in the international market. Since we are present in both, we expect to grow 20 per cent every year," KEC International managing director and chief executive Ramesh Chandak told PTI here.

KEC, the flagship company of the RPG Group, which operates in five verticals, including power transmission, power cables, telecom, railways and water, has businesses in 40 countries and an order book of over Rs 8,400 crore.

"All the five sectors, in which, we are operating are quite promising. Despite the challenging global economic environment, our strong global presence and diversified business portfolio has helped us in securing new orders," he said.

Transmission is the core business of the company with nearly 70 per cent revenue contribution.

"We expect more orders coming from this sector over the next one year, even as the other sectors will slowly grow," he said.

On the domestic power sector scenario, Chandak said, "We are bullish on its growth here. Though there is a slowdown on the generation side due to uncertainty on fuel availability and other challenges, we expect the situation to get better over the next year. But the transmission sector has not been affected as we continue to get orders from the PowerGrid."

While 60 per cent of its orders come from the international market, 40 per cent is contributed by the domestic market, he said.

"Since we have presence in so many countries, KEC is well placed for achieving its growth targets," Chandak said.