Increased allocation to railways and rural electrification in the Union Budget 2017 announced Wednesday will open up significant growth opportunities for KEC International , says MD & CEO Vimal Kejriwal. KEC may be able to get orders worth roughly Rs 2,000-2,500 crore from the Railways due to the new allocation in line augmentation and doubling of lines, he said, adding, other areas of growth could be solar and transmission & distribution. Revenue from the Railways business could double to Rs 750-850 crore in FY18 translating into an overall revenue growth of 15 percent, he said. The company’s international business, hit due to weak oil prices last year, has seen slight improvements and Kejriwal expects significant up tick in this business next year.
Source:CNBC
