Power Transmission

KEC International, a key player in the power transmission and distribution (T&D) sector, has faced execution challenges in Railways and Civil. However, its diversified operations, strong order inflows, and improving T&D business indicate a turnaround. Following a stock correction, the valuations have turned attractive, supported by an anticipated recovery in execution and margin expansion in the coming quarters.

KEC International: Capitalizing on sector tailwinds with strong execution and margin improvements

KEC International, a leading EPC company specializing in power transmission, railways, and urban development, continues to exhibit strong growth momentum. With a robust order pipeline and improved execution in its core T&D business, KEC is well-positioned to benefit from upcoming government projects. The company’s guidance highlights growth in revenue, margin expansion, and strong earnings visibility over the next few years.

Sterlite Grid raises Rs 2,450 crore from NaBFID, IIFCL to refinance loans of Mumbai transmission project

Sterlite Grid 32 has 10 completed, and under-construction transmission projects in seven states and the union territory of Jammu and Kashmir, covering approximately 4,500km of transmission lines through a capex of Rs 25,000 crore

Regulator CEA asks states to seek private capital for $107 billion transmission grid expansion

States should monetize their transmission assets by transferring ownership to businesses for a period of time, and re-invest the proceeds into new projects, according to a report by the Central Electricity Authority.

GE T&D India stock falls 5% to lower circuit as promoters mull paring minority equity stake

GE T&D India's promoter entities GE Grid Alliance and Grid Equipments Pvt Ltd plan to sell a minority equity stake from their 75% shareholding, but intend to stay as the majority shareholders in the firm.

Kavach train safety system orders slow as railways seek alternatives: KEC Intl's Kejriwal

Kejriwal said that going forward he does expect the new government to come out with orders for Kavach systems, but they will have to consider ways to boost manufacturing in the country.

Sterlite Power, GIC seal JV for India power transmission platform

Via this arrangement, Sterlite Power will own the majority stake of 51 percent and GIC will own the remaining stake.

MC Interview | KEC Intl eyeing more solar EPC projects as risk for contractors has reduced: CEO Vimal Kejriwal

The company expects to win around 25 percent of all Indian Railways tenders for Kavach systems; sees interim Budget giving thrust on capex for developing railway infrastructure.

KEC International's Q3 results: Profit up 5.5 times to Rs 97 cr, revenue rises 14.4% to Rs 5,007 cr

The company's bottom line improved mainly due to a Rs 55.67 crore change in inventory of finished goods inflow seen during the quarter as compared to a Rs 17.91 change in inventory of finished goods outgo seen in the same period a year ago.

KEC International's Q2 results: Profit stays flat at Rs 55.83 crores, despite a 10% increase in revenues to Rs 4,500 crore

The company's bottom line was impacted due to a tax outgo of Rs 9.95 crore when compared to a tax inflow of Rs 28.67 crore seen in the same period a year ago.

Budget 2023: Railways, water and power transmission likely to be key the focus for FM

Indian Railways takes up about 15 percent of the capital expenditure in the Union Budget, while Power transmission accounts for 12 percent. The outlay for the Jal Jeevan Mission piped water initiative is expected to increase.

Rewiring power transmission — insulate it properly 

While the introduction of the GNA framework is a welcome move, any apprehension about the accompanying connectivity rules needs to be addressed 

Drones to keep an eye on power transmission towers in Madhya Pradesh from October 1

"This is for the first time in the country that drones are going to be used to check tall towers for smooth power supply, MPPTCL Managing Director Sunil Tiwari claimed while talking to PTI.

IndiGrid consortium lowest bidder for Rs 170 crore transmission project

The estimated cost for the project is around Rs 170 crore, as per the filing.

Govt eyes over Rs 45,000 crore from monetisation of power transmission assets by FY25

Finance Minister Nirmala Sitharaman on Monday announced a Rs 6 lakh crore National Monetisation Pipeline (NMP) that will look to unlock value in infrastructure assets across sectors ranging from power to road and railways.

We continue to be optimistic about the potential of transmission sector: IndiGrid

Harsh Shah, Chief Executive Officer, IndiGrid, spoke to Moneycontrol on the rights issue, future plan of the company, amendment to Sebi regulations and the potential of InvITs and Real Estate Investment Trusts. IndiGrid is now planning a rights issue that will open on April 6 and close on April 13.

Union Budget 2021 | Power Grid InvIT to get power transmission assets of Rs 7,000 crore

Finance Minister Nirmala Sitharaman, while reading out the Union Budget 2021-22, stated that the Centre will also provide Rs 2 lakh crore to states and autonomous bodies for capex.

L&T arm wins Rs 5,250 crore order from Qatar firm

"The power transmission and distribution business of L&T Construction has won its single-largest order from its esteemed customer Kahramaa, Qatar General Electricity and Water Corporation for its ongoing Qatar electricity transmission and network expansion," the company said in a BSE filing today.

Skipper promoters looking to get value investor into co:Director

In an interview to CNBC-TV18 Sharan Bansal, Director, Skipper limited said the buyers were L&T Mutual Fund and the deal was sealed after being in discussions for a long time. He added that the promoters were aiming at bringing value investor onboard and that they are not looking to divest any more.

KEC International up 8% on transmission, railways, cables orders

The infrastructure EPC major has secured orders of Rs 805 crore in transmission & distribution business, including Rs 216 crore worth of orders from international companies Electricity Generating Authority of Thailand and Power Grid Company of Bangladesh.

Sterlite Tech likely to raise Rs 3500 cr via InvIT: Sources

Sterlite will use the funds to pare debt and meet capital expenditure needs, add sources.

Skipper eyes Rs 3,000 cr revenue by FY19

The Kolkata-based firm, which is also engaged in manufacturing of PVC pipes and fittings, is betting big on the government's Swachh Bharat Abhiyan and smart cities programme and expects the contribution from this business to grow by up to 25 per cent from the current 8 per cent.

L&T wins orders worth Rs 1,038 crore so far in November

"The power transmission and distribution business of L&T Construction won orders worth Rs 1,038 crore in international and domestic markets in November 2015," the company said in a BSE filing.

Making It Big: How KEC International was built

To hell and back sums up of the story of KEC International, an EPC major engaged in power T&D, cables, railways and water businesses. Ramesh Chandak, MD & CEO of this 70-year-old RPG Group company, talks about the challenges of turning around this company, which was almost written off and growing it 16-fold in 14 years‘ time.

L&T Construction bags Rs 1,832 cr contracts

It bagged Rs 1,008 crore worth orders in its buildings and factories business, Rs 624 crore worth contracts in the power transmission and distribution segment from the international market and Rs 200 crore orders in the heavy civil infrastructure business.