KEC International Secures ₹1002 Cr Orders; Boosts T&D and Cables Business

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AuthorSatyam Jha|Published at:
KEC International Secures ₹1002 Cr Orders; Boosts T&D and Cables Business
Overview

KEC International has announced new orders totalling ₹1002 crore, strengthening its Transmission & Distribution (T&D) and Cables & Conductors businesses. These wins include significant T&D projects in India, an international transmission line, and tower supplies in the Americas, contributing to a year-to-date order intake of approximately ₹21,300 crore and enhancing customer diversification.

KEC International Secures ₹1002 Crore Orders, Bolstering T&D and Cables Business

KEC International announced a significant boost to its order book, securing new orders worth ₹1002.00 crore. The company's year-to-date order intake has now reached approximately ₹21,300.00 crore.

Reader Takeaway: Strong order inflow diversifies revenue streams; execution remains key.

What just happened (today’s filing)

KEC International has clinched new orders aggregating ₹1002.00 crore, primarily spanning its Transmission & Distribution (T&D) and Cables & Conductors businesses. The secured projects include substantial T&D works in India, an international transmission line, and tower supply contracts in the Americas. These wins are expected to significantly strengthen KEC's order book and diversify its customer mix within the India T&D segment.

This latest inflow reinforces KEC's momentum, adding to a year-to-date order intake of about ₹21,300.00 crore, highlighting sustained demand for its infrastructure solutions.

Why this matters

The new orders are a positive indicator for KEC's future revenue visibility and growth prospects. The substantial composite order in India's T&D segment is particularly noteworthy, reinforcing the company's domestic market position. Furthermore, the international transmission line and tower supply projects in the Americas contribute to geographical diversification, mitigating risks associated with over-reliance on any single market.

For investors, this signifies KEC's continued ability to win large, complex projects, aligning with global infrastructure development trends and energy transition initiatives.

The backstory (grounded)

KEC International is a global infrastructure Engineering, Procurement, and Construction (EPC) major and the flagship company of the RPG Group. It operates across Power Transmission & Distribution, Cables, Railways, Civil, Urban Infrastructure, Solar, Oil & Gas Pipelines, and Renewables. In recent months, the company has consistently announced significant order wins. In January 2026, it secured orders worth ₹1,050 crore, including an entry into wind energy. Prior to that, in December 2025, KEC won orders totalling ₹1,150 crore, featuring its largest domestic T&D contract to date. These recent wins follow a pattern of strong order inflow, such as the ₹1,174 crore T&D orders from India and the Middle East secured in October 2025.

What changes now

  • Enhanced Order Pipeline: The ₹1002 crore addition strengthens KEC's substantial order backlog, providing a clearer path for future revenue.
  • Geographical Diversification: Projects in India, the Americas, and international markets broaden KEC's revenue base and reduce market-specific risks.
  • Strengthened Core Business: The focus on T&D projects, especially the composite Indian order, reinforces KEC's leadership in its primary segment.
  • Customer Base Expansion: Wins in the India T&D segment diversify its client portfolio within the country.
  • Momentum Continuation: The latest order secures add to a strong year-to-date intake, indicating sustained market demand for KEC's services.

Risks to watch

While KEC International has a strong track record, it faces certain challenges. Notably, in February 2026, Power Grid Corporation of India (PGCIL) barred KEC from future tenders for nine months, a move that could impact upcoming order wins. Additionally, KEC received a GST adjudication order in December 2025 related to past tax credits, though the company stated no material impact is expected. Investors should monitor project execution, raw material price fluctuations, and competitive dynamics within the T&D and cables sectors.

Peer comparison

KEC International competes with major players like Larsen & Toubro (L&T), Kalpataru Projects International Ltd (KPIL), and Sterlite Power Transmission Ltd in the T&D space. L&T boasts a diverse order book across multiple infrastructure domains, while KPIL also actively secures projects in T&D, railways, and civil segments. Sterlite Power is a focused competitor in transmission infrastructure development. KEC's ability to win orders across different geographies and segments positions it competitively against these peers.

Context metrics (time-bound)

  • KEC International's year-to-date order intake reached approximately ₹21,300 crore as of February 2026, reflecting robust annual performance.
  • The newly announced orders total ₹1002.00 crore, contributing to the ongoing build-up of the company's order book for the fiscal year.

What to track next


  • Total Order Book Size: Monitor the overall value and segmental/geographical breakdown of KEC's order book.

  • Execution Efficiency: Track the company's ability to complete projects on time and within budget.

  • Margin Performance: Observe profit margins amid raw material costs and project execution efficiencies.

  • Future Bids and Wins: Keep an eye on upcoming tenders and the company's success rate in securing new contracts, especially in international markets.

  • PGCIL Tender Ban Impact: Assess any ongoing implications of the PGCIL tender exclusion.

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