KEC International wins New Orders of Rs. 1,192 crore

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,192 crore across its various businesses:

Transmission & Distribution:

T&D business and SAE Towers have secured orders of Rs. 821 crore for T&D projects in India, SAARC, Malaysia, Africa and the Americas.

Urban Infra:

The business has secured an order of Rs. 146 crore from Kochi Metro Rail Limited (KMRL) for the construction of viaduct along with station for the Phase 1 extension of Kochi metro rail project in India.

Civil:

The business has secured an order of Rs. 57 crore for infra works in the warehouse space in India.

Cables:

The business has secured orders of Rs. 168 crore for various types of cables/ cabling projects in India.

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are pleased with the new order wins secured amidst global uncertainties. Our T&D order book continues to grow on the backdrop of orders secured across various geographies. We are particularly enthused by the second order win from Kochi Metro which enables us to further strengthen our presence in the Urban Infra sector. The entry of our Civil business in the warehouse space opens up a large opportunity for us in this growing area."

Shares of KEC INTERNATIONAL LTD. was last trading in BSE at Rs.267.55 as compared to the previous close of Rs. 274.9. The total number of shares traded during the day was 5788 in over 331 trades.

The stock hit an intraday high of Rs. 282 and intraday low of 266.6. The net turnover during the day was Rs. 1558887.

Source : Equity Bulls

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