KEC International sees rise in SAARC orders

MUMBAI: Infrastructure company KEC International sees Saarc as one of the drivers of growth, despite the setback in Afghanistan where some of its employees have been abducted, according to its managing director, Vimal Kejriwal.

The company’s annual revenue is expected to cross the Rs 10,000-crore mark in FY19 and its order book stands at a record high of over Rs 17,000 crore, said Kejriwal. “Brazil will announce transmission and distribution orders in June and November, and we hope to pick up orders from developers.

Orders from Indian states would be a major growth driver as Power Grid has been slightly slow in orders. But typically, six to eight months before elections a lot of orders are finalised, so we expect good orders from central utilities ahead of the 2019 polls,” said Kejriwal.


“Saarc countries, especially Bangladesh and Nepal, are spending huge amounts on T&D, and this offers great opportunity,” Kejriwal said. “We already have 11-12 jobs from Saarc and revenue from this should be in excess of Rs 1,000 core in FY19. It is growing at 25%.”