KEC International wins New Orders of Rs. 1,401 crore

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,401 crore across its various businesses:

The Transmission & Distribution (T&D) business including SAE Towers has secured orders of Rs. 1,143 crore for various T&D projects from Oman Electricity Transmission Company (OETC), Power Grid Corporation of India Ltd. (PGCIL) and other customers.

The Railways business has secured orders of Rs. 120 crore for Overhead Electrification (OHE)/Civil works in India.

The Smart Infra business has secured orders of Rs. 48 crore in the Defence segment in India.

The Cables business has secured orders of Rs. 90 crore for supply of various types of cables/cabling projects in India and overseas.

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are pleased with the new order wins secured across business verticals amidst the current uncertainty. The order wins in T&D include one of our largest orders secured in the Middle East region, this has significantly enhanced our international T&D order book. We are also enthused that we have been able to expand our presence in the Defence sector from the current civil projects to smart infra projects."

Shares of KEC INTERNATIONAL LTD. was last trading in BSE at Rs.324.5 as compared to the previous close of Rs. 317.15. The total number of shares traded during the day was 6039 in over 546 trades.

The stock hit an intraday high of Rs. 327 and intraday low of 317.85. The net turnover during the day was Rs. 1951273.

Source : Equity Bulls

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