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Order Wins · Engineering - Construction · Mid cap

KEC's ₹1,180 cr order haul includes first data centre project

The T&D arm won a 400 kV transmission line for a data centre, a new segment. Order intake for FY27 crosses ₹5,200 cr.

3 earlier stories on KEC International Ltd.
Mkt cap₹14,059 cr
P/E23.22×
ROE10.67%
Debt / eq.0.69
Div yld1.03%
₹1,180 cr New orders across T&D, renewables, civil, and cables.

What's new

  • KEC won a 400 kV transmission line contract for a data centre, its first in that segment.
  • T&D also secured tower supply orders from Middle East and Americas.
  • Renewables bagged a 200 MW+ solar PV project from an existing customer.

Why this matters

The data centre win opens a new end-market for KEC, growing with India's digital infrastructure spend. The ₹1,180 cr order, about 9% of market cap, adds to a busy quarter that already included a ₹1,754 cr and a ₹1,303 cr haul.

What we're watching

  • Order conversion timelines and margin profile for the data centre project.
  • Whether similar data centre contracts follow in other regions.
  • Revenue run-rate from the record ₹5,200+ cr order intake so far this year.

The full read

KEC International's ₹1,180 crore order win is the third large haul in two months. The headline is a 400 kV transmission line for a data centre in western India, the company's first in that segment, opening a new growth runway tied to digital infrastructure. T&D also landed tower supply orders from the Middle East and the Americas. The renewables arm secured a 200 MW+ solar PV project from an existing private developer, while civil added structural work for a 150 MW thermal plant. CEO Vimal Kejriwal flagged the data centre contract as an important milestone. With this, KEC's FY27 order intake has crossed ₹5,200 crore, but the real test is how these contracts convert to revenue and margins in the coming quarters.

Questions answered

How large is this order relative to KEC's revenue?
The ₹1,180 crore order is about 5% of trailing annual revenue, and 9% of the current market cap. It is a meaningful addition but not transformative on its own.
What is the significance of the data centre project?
It marks KEC's entry into the data centre transmission segment, a growing market linked to digital infrastructure. MD Vimal Kejriwal called it an important milestone.
How much has KEC secured in orders this financial year so far?
With this inflow, KEC's order intake for FY27 has crossed ₹5,200 crore, following prior orders of ₹1,754 crore and ₹1,303 crore in June and May 2026 respectively.
Which businesses contributed to the latest order?
The transmission & distribution, renewables, civil, and cables & conductors divisions all won contracts. T&D got a 400 kV line, tower supply from overseas; renewables a solar PV project; civil thermal plant structural work.
Mentioned: KEC International · ₹1,180 cr orders · data centre transmission line
Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

KEC International Ltd.

Infrastructure
₹13,597 cr
P/E 22.45×

Latest quarter · Mar 2026

Sales₹6,390 cr
Net profit₹193 cr
Op. margin+7.0%
EPS₹7.24

Strength & growth

Debt / equity0.69×
Current ratio1.19×
Sales CAGR+10.6%
EPS CAGR+14.8%
Financials via Tijori — a research aid, not investment advice.KEC on Tijori

Story so far

All notes on KEC →
  1. 14 Jul 2026 · 8:56 PM IST KEC's ₹1,180 cr order haul includes first data centre project
  2. 11d ago KEC puts $35M guarantee behind subsidiary's credit line
  3. 15d ago KEC International lands ₹1,754 cr order, including largest-ever US tower deal
  4. 49d ago KEC International lands ₹1,303 crore in new orders