CP PLUS collaborates with L&T Semiconductor for the production of 9 million AI-powered CCTV cameras.
KEC International Ltd., a leading global infrastructure EPC company and part of the RPG Group, has announced the securing of a significant new order. The order, valued at Rs 10,380 million, involves the design, supply, and installation of a 380 kV GIS (Gas-Insulated Substation) in Saudi Arabia. This project marks a notable milestone for KEC International, as it represents the company’s largest ever substation order.
According to Vimal Kejriwal, Managing Director and CEO of KEC International Ltd., the company is thrilled with the successive order wins in their Transmission and Distribution (T&D) business. The acquisition of this prestigious order in the Middle East not only expands KEC International’s portfolio but also reinforces its presence in the region. This strategic win is a testament to the company’s capabilities and strengthens its position in the global infrastructure sector.
The order win is a landmark achievement for KEC International, demonstrating its expertise and competitiveness in the global EPC market. The company’s ability to secure such a significant order in the Middle East underscores its growing reputation as a reliable and skilled partner for large-scale infrastructure projects. With this order, KEC International’s year-to-date order intake has received a substantial boost, reflecting the company’s strong performance and growth trajectory.
The 380 kV GIS substation project in Saudi Arabia is a complex undertaking that requires specialized expertise and technology. KEC International’s selection for this project is a endorsement of its technical capabilities and its ability to deliver high-quality solutions that meet the exacting standards of international clients. As the company continues to execute this project, it is expected to further demonstrate its proficiency in the T&D sector and consolidate its position as a major player in the global infrastructure market.
Overall, the securing of this significant order is a major achievement for KEC International, highlighting its strengths and capabilities in the global infrastructure sector. The company’s success in winning this prestigious order is a reflection of its commitment to excellence and its growing reputation as a trusted partner for large-scale infrastructure projects.
Q2 2025 IT Sector Earnings Preview: Earnings likely to be impacted by lingering effects of Trump-era tariffs and a sluggish macroeconomic environment, with mid-cap IT companies poised to outshine their larger counterparts.
The Indian IT services sector is set to kick off its September quarter earnings season, starting with Tata Consultancy Services (TCS). The July-September quarter was marked by subdued discretionary spending, elongated decision-making cycles, and cautious client sentiment amid macroeconomic uncertainty. As a result, IT sector Q2 results are expected to remain muted, with no material change in operating conditions. Analysts expect commentary from IT companies to remain cautious, with mid-tier firms likely to outperform large-cap players.
According to Nuvama Institutional Equities, the coverage universe is expected to report constant currency QoQ growth in the range of -0.5% to +6%. Motilal Oswal Financial Services (MOFSL) expects QoQ CC revenue growth of 0.3-2.4% for large-caps, while mid-caps are projected to post growth between -0.5% and 6.0%. Aggregate revenue for the coverage universe is expected to grow 6.0% YoY, with EBIT and PAT likely to rise 5.2% and 5.5% YoY, respectively.
TCS is expected to report 2.1% QoQ growth in revenue to ₹64,738 crore in Q2FY26, with net profit projected to increase 2.3% QoQ to ₹13,058 crore. Infosys’ revenue is expected to grow 1.8% QoQ in constant currency, while HCL Technologies is expected to deliver 1.5% QoQ revenue growth in CC terms. Wipro’s IT Services revenue is expected to grow 0.1% QoQ in CC terms.
Tier-2 IT companies are expected to deliver stronger growth in Q2, with Coforge leading the pack at 6% QoQ in constant currency. Among ER&D players, growth is likely to remain modest, with L&T Technology Services expected to post 1.5% QoQ growth. In the smallcap segment, Firstsource is expected to deliver a healthy 2.2% QoQ growth in CC terms.
Overall, the IT sector’s Q2 results are expected to be muted, with cautious commentary from companies and mid-tier firms outperforming large-cap players. The sector’s growth is likely to remain slow, with aggregate revenue expected to grow 6.0% YoY. Investors are advised to check with certified experts before making any investment decisions, as the views and recommendations made above are those of individual analysts or broking companies.