Business Update19 Nov 2025, 02:03 pm
KEC International Ltd. Clarifies on PGCIL Letter - No Material Impact on KEC
AI Summary
KEC International Ltd. has provided a clarification regarding a letter from PGCIL, stating that there is no material impact on KEC. The company has achieved a YTD order intake of over Rs. 17,000 crores, with PGCIL's share being ~4%. The unexecuted order book stands at Rs. 39,325 crores, with PGCIL's share being ~15%. KEC is confident of achieving its annual order intake target and does not foresee any material impact on its operations or financial position. The company is examining legal recourse and approaching PGCIL for reconsideration.
Key Highlights
- KEC has achieved a YTD order intake of over Rs. 17,000 crores, a growth of 17% YoY
- PGCIL's share in this year's order intake is ~4% compared to ~27% in the previous year
- KEC's unexecuted order book stands at Rs. 39,325 crores, with PGCIL's share being ~15%
- KEC does not foresee any material impact on its ongoing operations or financial position
- KEC is examining legal recourse and approaching PGCIL for reconsideration