KEC targets 20% rev growth on higher order inflows

KEC International targets a 20% revenue growth in two years, riding on higher order inflows from power, telecom and railways. The main growth driver will continue to be electricity transmission and distribution (T&D). The company earns 95% of revenue from T&D business.

T&D business in India is set to witness a significant growth as the country is likely to add 78,000 mw of power by 2012. If implemented, the industry will attract an investment of Rs 4 lakh crore, creating huge opportunity for companies like KEC.

The country’s telecom infrastructure is poised to record substantial investment as the winners of the recently auctioned 3G spectrum and broadband wireless access will invest nearly Rs 60,000 crore to set up more than 3,50,000 towers in the next two years. KEC would earn well as it was a leading tower supplier and the telecom companies will.