Muted Q4 for KEC International
  • WebDesk BTVI
  • May 09 2019

Vimal Kejriwal, MD and CEO of KEC International, talks about the factors at play behind Q4 earnings. He said working capital shot up post December, but recovered in Q4 as the firm received a large order which helped to lower borrowings to Rs 1,800 crore. He adds that order intake for the year was at Rs 14,000 crore, despite state power boards not giving out too many projects. He said, moving forward, the company expects 15-20% growth.