KEC International clarifies that a recent communication regarding PGCIL will not have a material impact on its operations or financial position. The company has secured ₹17,066 crores in YTD orders, with PGCIL’s share being approximately 4%. KEC maintains a robust tender pipeline and is confident in achieving its annual order intake target.
Order Book and PGCIL Share
KEC International has achieved a strong order intake of ₹17,066 crores in YTD FY26, reflecting a growth of 17% YoY. The share of PGCIL in this year’s order intake is approximately 4%, compared to about 27% in the previous year’s intake.
Existing Projects and Future Outlook
The company’s unexecuted order book stands at ₹39,325 crores, with PGCIL contributing to about 15% of this. KEC International confirms that the communication from PGCIL does not affect the execution of existing projects. With a strong tender pipeline exceeding ₹1,80,000 crores and a healthy L1 position over ₹4,000 crores, KEC is confident about reaching its annual order intake target.
Company Stance
KEC International is currently assessing various options, including potential legal recourse or approaching PGCIL to seek reconsideration on the matter. The company reaffirms its commitment to upholding the highest standards of corporate governance and conducting business with integrity.
Source: BSE