Vimal Kejriwal - MD & CEO of KEC International: How the Company Is Overcoming Labor Shortages and Sustaining Revenue Growth Amidst Strong Order Intake

Introduction

KEC International Ltd (BOM: 532714) is a global infrastructure EPC and construction company headquartered in Mumbai, India. The company has a strong presence in the power transmission and distribution, railways, civil, urban infrastructure, solar, smart infrastructure, and oil and gas sectors. Vimal Kejriwal, the Managing Director and CEO of KEC International, recently discussed the company's recent order intake of INR 1100 crore, accounting for 90% of its current order book. In this article, we will explore how KEC International is managing labor shortages and sustaining revenue growth amidst strong order intake.

Understanding the Challenges: Labor Shortages and Revenue Growth

The construction industry is facing a global labor shortage, which has been exacerbated by the COVID-19 pandemic. This shortage can lead to project delays, cost overruns, and a decline in productivity. Despite these challenges, KEC International has managed to maintain strong revenue growth.

Strategies for Overcoming Labor Shortages and Sustaining Revenue Growth

1. Focus on Talent Acquisition and Retention: KEC International has implemented various initiatives to attract and retain skilled labor. The company offers competitive salaries and benefits packages, provides training and development opportunities, and fosters a positive work environment. 2. Enhancing Productivity: The company has invested in technology and automation to improve productivity. This includes using advanced equipment, implementing digital tools, and optimizing work processes to reduce labor requirements. 3. Strategic Partnerships and Collaborations: KEC International has formed strategic partnerships with other companies to access a wider pool of skilled labor. The company has also collaborated with educational institutions to develop specialized training programs for potential employees. 4. Exploring New Markets: KEC International has expanded its operations into new markets with a skilled labor force. The company has established a presence in countries such as Saudi Arabia, Oman, and the United Arab Emirates. 5. Emphasizing Health and Safety: KEC International prioritizes the health and safety of its employees. The company has implemented robust safety protocols and provides training and resources to ensure a safe work environment. This helps to attract and retain skilled workers who value their well-being.

Conclusion

KEC International has demonstrated resilience and adaptability in the face of labor shortages and strong order intake. By focusing on talent acquisition, enhancing productivity, forming strategic partnerships, exploring new markets, and emphasizing health and safety, the company has sustained revenue growth and positioned itself for continued success. KEC International's commitment to overcoming challenges and delivering exceptional results is a testament to its strong leadership and commitment to excellence.