KEC International wins new orders of Rs. 1,033 crore

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,033 crore across its various businesses:

The Transmission & Distribution business has secured orders of Rs. 890 crore for T&D projects in India, Africa, East Asia Pacific and the Americas.

The Railways business has secured orders of Rs. 79 crore for Signaling and Telecommunication (S&T) and Metro Electrification works in India.

The Cables business has secured orders of Rs. 64 crore for various types of cables/ cabling projects in India and overseas.

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are happy with the new order wins amidst global upheavals. Our International order book has strengthened significantly in the last few months especially in the Middle East and Africa regions. In line with our strategy to diversify into new segments, we are pleased with the order win for metro electrification works, which marks our entry into the technologically enabled areas of urban infra."

Shares of KEC INTERNATIONAL LTD. was last trading in BSE at Rs.346.45 as compared to the previous close of Rs. 338.95. The total number of shares traded during the day was 7533 in over 669 trades.

The stock hit an intraday high of Rs. 348.15 and intraday low of 335.05. The net turnover during the day was Rs. 2570817.

Source : Equity Bulls

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