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The debt of the company is expected to have come down by Rs 250 crore in December quarter.
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The company is also eyeing an improvement in debt equity ratio from Q2FY15.
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The consolidated EBITDA of the company for Q2 was 8 percent at Rs 121 crore versus Rs 112 crore from a year ago period.
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KEC International also appointed former foreign secretary Nirupama Rao as an additional and non-executive director.
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Ramesh Chandak, managing director and CEO of the company says the new orders have been won at higher margins. The company's current order book stands at Rs 9,600-10,000 crore.
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In transmission and distribution segment, the company has secured orders worth Rs 746 crore from Power Grid in India, Zesco in Zambia and SAE Towers in America.
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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.
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Ramesh Chandak, Managing Director, KEC International said the company aims to target the American market to maintain growth and order book portfolio.
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The second quarter is a seasonally weak quarter for infrastructure companies due to monsoon, Ramesh Chandak, Managing Director of KEC International said.
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In an interview to CNBC-TV18, Ramesh Chandak, Managing Director & CEO of KEC International spoke about results.
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Engineering and construction firm KEC International recently won another batch of orders worth Rs 914 crore. Managing director Ramesh Chandak told CNBC-TV18 that the company's current order book is currently around Rs 10,000 crore.
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Railway Minister PK Bansal today announced the Rail Budget for 2013. The main highlight was the passenger fares which were kept unchanged despite railways suffering huge losses.
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In an interview to CNBC-TV18, Ramesh Chandak, managing director, KEC International said their cable business did not do well but for their core business of transmission there was no drop in margins which stood at 8.7 to 9 percent.
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Ramesh Chandak, MD of KEC International is confident of sustaining the momentum of order inflow. He says, “This is the first time in our history when our order backlog has touched Rs 10,000 crore.†The total order book is about Rs 1,511 crore, he confirms.
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KEC International, an RPG Group company in the engineering, procurement and construction segment, today said it has secured orders worth Rs 612 crore in last one month from various customers across the world.
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Ramesh Chandak, MD, KEC International explains to CNBC-TV18 that the increased diversity of the Rs 9,500-crore order book was a big positive for the company. Chandak expects margins to remain and adds that the company would begin to slowly shift its focus on cost to margins in bidding for orders.
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KEC International has declared its first quarter results. In an interview to CNBC-TV18, Ramesh Chandak, managing director of KEC International says, the company is quite happy with the growth. He further says, the company's current order book is at Rs 9,400 crore.
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The Indian Electrical and Electronics Manufacturers' Association (IEEMA) on Thursday welcomed the government move to slap import duty on power equipment and called for levying the duty on mega and ultra-mega power projects over 1,000 MW as well.
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Infrastructure company KEC International (KEC) on Wednesday announced that it has secured new orders worth Rs 391 crore in the transmission and telecom businesses.In an interview with CNBC-TV18, Ramesh Chandak, Managing Director, KEC International said that the company‘s orderbook stands at Rs 8400 crore.
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In an interview to CNBC-TV18, Ramesh Chandak, managing director of KEC International says, the current order book is close to Rs 8,500 crore. “We are starting the year with a very strong order book. So that is again good sign for us,†he adds.
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The Union Budget proposals announced yesterday has belied the expectations of the domestic electrical equipment industry which was hoping for some corrective action from the Government to rev up the downward slide of the industry according to the Indian Electrical & Electronics Manufacturers’ Association (IEEMA).
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Indian Power sector is in crises. It is not only a sectoral challenge but now has become a national challenge. The Shunglu Committee has said that Discom (distribution companies) losses are over Rs 100,000 crore and largely funded by the banks, so even the banks will have an issue.
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In an interview to CNBC-TV18, Ramesh Chandak, CEO and MD, KEC International says, the company should be able to maintain margins closer to 9%. "Hopefully, the margins will improve in last quarter," he adds.
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In an interview to CNBC-TV18, Ramesh Chandak, managing director of KEC International says, the total order book stands at Rs 9,000 crore. “It is the highest in the history of our company. This gives a very clear clarity for next one year,” he adds.
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In an interview to CNBC-TV18, Ramesh Chandak, managing director of KEC International says, the company’s order book looks good. “This year our order book possibly will be the best order book in the last three-four years.
