Electric power transmission towers manufacturer KEC International announced its fourth quarter (January-March) consolidated net loss at Rs 14 crore. Vardhan Dharkar of KEC International told CNBC-TV18 that the loss is at the standalone result level not at the consolidated and year as a whole it had a profit of Rs 65 crore.
Engineering, procurement and construction firm KEC International expects second half will be better than first half of this year and sees, margins, which hit record lows in the second quarter, recover gradually with new order wins.
Power Infrastructure and engineering company KEC International is betting big on new businesses like railways and water, even as it continues to chase orders in the power transmission sector, which accounts for a major share of its revenues.
In an interview to CNBC-TV18, Vardhan Dharkar, chief financial officer of KEC International says, the company’s current order book is over Rs 9,000 crore.