### **Overview** KEC International Ltd. is a global Engineering, Procurement, and Construction (EPC) major and the flagship company of the **RPG Group**, a diversified Indian conglomerate with a global footprint in infrastructure, tyres, pharma, IT, and technology-led ventures. Headquartered in Mumbai, India, KEC operates across six core business verticals—**Power Transmission & Distribution (T&D), Civil, Transportation, Renewables, Oil & Gas Pipelines, and Cables & Conductors**—with a presence in over **110 countries** through EPC projects, product supply, and manufacturing. With more than **80 years of industry leadership**, KEC is recognized as one of the world’s largest power transmission infrastructure providers, combining end-to-end engineering capabilities, global manufacturing, and digital innovation to deliver complex projects in challenging environments. --- ### **Core Business Segments and Strategic Developments (As of Nov 2025)** #### **1. Power Transmission & Distribution (T&D)** - **Strategic Importance**: Accounts for approximately **60% of total revenue and order book** as of FY25. - **Domestic Growth (India T&D)**: In FY25, India T&D achieved ₹5,736 crore in revenue (66% YoY growth) and secured record orders worth ₹17,800 crore. Commissioned 21 projects, energizing 1,600 circuit km and ~8,000 MVA of substation capacity. - **Technology Leadership**: - Secured India’s first **STATCOM** order. - Executing its first HVDC converter station and three HVDC lines up to 800 kV. - Commissioned India’s first and one of the world’s largest **765/400/220 kV digital substation** at Navsari. - Pioneered the use of a **Surety Bond with PGCIL**, a first in Indian infrastructure. - **International Strength**: International T&D achieved record order intake of ₹8,346 crore in FY25. Secured key projects in the UAE (largest substation project), Saudi Arabia, Thailand, and West Africa. Successfully completed 11 international projects, including early delivery of a 220/400 kV project in Abu Dhabi. - **Manufacturing & Testing**: Operates **6 tower manufacturing plants** (India, Brazil, Mexico, UAE) with a total capacity of **468,200 MTPA**. Owns **four advanced tower testing stations**, including the world’s largest at Butibori, India (1,200 kV rated), offering virtual testing via live streaming. #### **2. Cables & Conductors** - **Business Restructuring**: Reorganized into **KEC Asian Cables Limited**, a wholly-owned subsidiary, effective January 1, 2025, to improve capital allocation, operational focus, and go-to-market strategy. - **Performance**: Achieved record revenue of ₹1,805 crore and record order intake of ₹2,212 crore (15% YoY) in FY25. - **Global Expansion**: - Launched **UL-certified cable supplies in the U.S.**, marking entry into North America. - Secured major international orders in the **UAE, Oman, Saudi Arabia, and Africa**. - 95+ countries served with a global export push underway. - **Vertical Integration**: - Commissioned a new **aluminum conductor plant in Vadodara** (capacity: 1,500 km/month, including ACSR, AAAC, ACSS). - Established in-house **PVC compound manufacturing** to improve quality and cost competitiveness. - Investing in **E-beam and elastomeric cable facilities** to serve specialized high-margin markets (e.g., EV charging, data centers, smart infrastructure). - **Product Range**: Offers LV, HV, and EHV cables (up to 220 kV), railway cables (signaling, catenary), telecom OFC, and specialty cables (solar, fire-resistant, termite-resistant). #### **3. Transportation (Railways & Urban Infrastructure)** - **Business Integration**: Consolidated Railways and Urban Infrastructure units into a unified **Transportation business** in FY25 to deliver integrated mobility solutions. - **Railways**: - Won **TCAS (Kavach) projects in India** to enhance train collision avoidance. - Deploying Kavach systems over ~500 route km through a JV. - Manages overhead electrification, signaling, track laying, and civil works. - Owns **RDSO-approved manufacturing** for contact wires, signaling cables, and OFC. - **Urban Mobility**: - Secured first **EPC contract in the ropeways segment**, positioning KEC as a leader in green urban mobility. - Executing metro projects for viaducts, stations, depots, ballastless tracks, and power supply. - Key projects in Delhi, Kochi, Chennai, Patna, and the Delhi-Meerut RRTS. - **Expansion**: Actively bidding for transit projects in the **Middle East, Africa, and SAARC**, leveraging synergies with local partners. #### **4. Civil Business** - **Revenues & Order Book**: Recorded ₹4,483 crore in FY25 and closed with an **order book of over ₹8,600 crore**. - **Diversification**: - Expanded into **industrial mega-projects**, securing orders for a **green PVC plant** and **semiconductor manufacturing facility**. - Won its first **data center EPC project** under a design-and-build model (30 MW capacity). - Major residential presence: executing over 70 high-rise towers, including a 70+ storey project in Mumbai. - **Public Infrastructure**: Key player in India’s **Jal Jeevan Mission**, executing 9 major water projects (13,000+ km pipelines, 850+ reservoirs, 14 treatment plants). - **Execution Excellence**: Uses **BIM, drones, photogrammetry, IoT**, and smart wearables to enhance productivity and safety. #### **5. Renewables** - **Rebranded from "Emerging Businesses" to KEC Renewables** in FY25, positioning it as a **long-term growth engine**. - **Segment Highlights**: - **Revenue**: ₹853 crore in FY25 (92% YoY growth). - **Order Book**: Exceeds ₹850 crore. - **Portfolio**: End-to-end EPC for solar (up to 625 MWp), wind, green hydrogen, and hybrid energy. - **Key Projects**: 625 MWp NTPC Bhadla (Rajasthan), 600 MWp IRCON Pavagada (Karnataka). - **Manufacturing**: 10,000 MTPA capacity for solar module mounting structures and LT solar cables. - **Strategic Focus**: Exploring green hydrogen opportunities under India's **National Green Hydrogen Mission**, partnering with IPPs and OEMs globally. #### **6. Oil & Gas Pipelines** - **End-to-End EPC Capabilities**: Cross-country oil & gas, slurry (iron ore), gas gathering, and LNG terminal projects. - **International Breakthrough**: Commenced first **EPC project in Benin, West Africa**, and secured adjacent station works. - **India Projects**: Undertaking a **130 km iron ore slurry pipeline** and a **gas gathering field project in Assam**. - **Forward Outlook**: Preparing to bid on **30-inch diameter pipelines and process packages**, post successful execution of current projects. --- ### **Global Operations & Manufacturing** - **Manufacturing Footprint**: 8 facilities across **India, UAE, Brazil, and Mexico**. - **Capacity Expansion**: - Increased tower capacity by **46,000 MTPA** (Jaipur, Jabalpur, Dubai). - Dubai facility now has **60,000 MTPA capacity**, catering to MENA and export markets. - **Subsidiaries**: - **SAE Towers (Brazil/USA)**: 150% YoY order growth, entering U.S. hardware market. - **ASKEC (Saudi Arabia)**: KEC holds **51.1% stake**, has secured ₹4,300 crore in new projects in FY25. - **KEC EPC LLC (UAE)**: Secured largest project in Dubai and strengthened UAE market access. --- ### **Digital & Innovation Leadership** - **AI & Automation**: - **SAGE**: GenAI-powered enterprise assistant for HR, legal, safety, and project queries. - **OptiTrailer**: 3D bin-packing algorithm for logistics optimization. - **Tender CoPilot** and **OpHunt**: AI-driven tendering tools. - **Smart Manufacturing**: - AI-ML optimized galvanization process, reducing zinc usage by ~30%. - IoT-enabled connected factories with real-time monitoring. - **Connected Construction**: - Drones for stringing, inspection, and surveying. - 4D/5D BIM for planning, and KE City metaverse for virtual site walkthroughs. - **Raksha, iTrack, iQuality**: Digital platforms for EHS, monitoring, and compliance. --- ### **Financial & Market Indicators** - **International Revenue (FY25)**: ₹5,772 crore. - **FY25 Global Order Intake**: Over ₹16,500 crore (India T&D: ₹17,800 crore; International T&D: ₹8,346 crore). - **Overall Order Book (as of Jul 2025)**: Well over ₹25,000 crore across verticals. - **Workforce**: 7,500+ employees globally, with 350+ in-house engineers and 11 global engineering and digital centers. ---