KEC International secures ₹2,872 crore PGCIL order for 765 kV transmission lines
The record deal to evacuate 8.5 GW of renewable power from Gujarat pushes the infrastructure firm's year-to-date order intake past ₹13,500 crore.
KEC International has secured turnkey contracts worth ₹2,872 crore from Power Grid Corporation of India Ltd for the design, supply, and installation of 765 kV transmission lines, marking the largest single domestic order in the history of its transmission and distribution business.
The project is designed to facilitate the evacuation of 8.5 gigawatts of renewable energy from Gujarat. The infrastructure development directly supports India's aggressive clean energy expansion and ongoing grid modernisation, ensuring high-capacity power transmission to support growing industrial and domestic demand across the country.
With this order, the RPG Group flagship company has crossed ₹13,500 crore in total year-to-date order intake for the current financial year. The core transmission and distribution division accounts for approximately ₹9,500 crore of that total.
"The orders secured from PGCIL include the largest-ever order for our India T&D business," said Vimal Kejriwal, Managing Director and Chief Executive Officer of KEC International. He added that the 765 kV high-voltage projects substantially expand the company's domestic order book and reinforce its leadership in India's power infrastructure segment.
Order intake and contract breakdown
The announcement comes shortly after KEC International reported securing ₹1,006 crore in contracts across its international and domestic business divisions on 23 October, demonstrating sustained commercial momentum.
| Business Division | Client or Region | Scope of Work | Order Value |
|---|---|---|---|
| India T&D | PGCIL | 765 kV transmission lines for 8.5 GW renewable evacuation in Gujarat | ₹2,872 crore |
| International T&D | Oman | 400 kV transmission line project | Not disclosed |
| International T&D | Americas | Supply of towers, poles, and hardware | Not disclosed |
| Civil Infrastructure | Eastern India healthcare client | Multispeciality hospital construction | Not disclosed |
| Cables & Conductors | Domestic & International | Cable and conductor supply orders | Not disclosed |
Strengthening financial metrics
Alongside new order wins, KEC International has maintained focus on balance sheet discipline. The company reduced its net debt by more than ₹150 crore, bringing its total net debt to ₹6,568 crore as of 30 June.
During the April–June quarter, KEC International generated revenue of ₹5,024 crore, staying level with the ₹5,023 crore reported in the same period of the previous year. Net profit for the quarter stood at ₹73 crore, down from ₹125 crore a year earlier, as the business navigated input costs while building out its record execution pipeline.
Key numbers
| What | Figure | Source |
|---|---|---|
| PGCIL order value | ₹2,872 crore | KEC International statement |
| Renewable capacity evacuation | 8.5 GW | KEC International statement |
| Year-to-date total order intake | Over ₹13,500 crore | KEC International statement |
| T&D segment YTD order intake | Approx ₹9,500 crore | KEC International statement |
| Previous order batch value (23 Oct) | ₹1,006 crore | KEC International statement |
| Net debt as of 30 June | ₹6,568 crore | KEC International financial results |
In this story
| Name | Role in the story |
|---|---|
| KEC International | Infrastructure EPC company securing major transmission line contracts. |
| Power Grid Corporation of India Ltd | State-owned electric utility awarding the ₹2,872 crore turnkey contract. |
