KEC International wins new orders of Rs. 1,438 crore

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,438 crore across its various businesses:

Railways:

The business has secured orders of Rs. 475 crore in the urban infra / emerging segments in India:

- Regional Rapid Transit System (RRTS) - Order for construction of Depot cum workshop for the Delhi - Meerut RRTS corridor from National Capital Region Transport Corporation (NCRTC)

- Ballastless Track works (BLT) - Order for BLT and associated works from Kochi Metro Rail Limited (KMRL)

- Signaling & Telecommunication (S&T) - Order for S&T and associated works from Dedicated Freight Corridor Corporation of India (DFCCIL)

Civil:

The business has secured orders of Rs. 383 crore for infra works from reputed private players in the Chemical, Cement & Residential segments and a Government order in the Water Pipeline segment in India.

Transmission & Distribution:

The business has secured orders of Rs. 362 crore for T&D projects in Middle East and the Americas from various customers.

Cables:

The business has secured orders of Rs. 218 crore for various types of cables / cabling projects in India and overseas.

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are delighted with the new orders secured across our business verticals, especially in Railways, which continues to expand its portfolio in the emerging growth areas of Metro/DFCC/High-speed trains. In line with our diversification strategy, our civil business has been successful in securing breakthrough orders in the fast growing Chemical and Water Pipeline segments. The orders in T&D include the first few supply orders secured directly by our recently acquired Transmission Tower manufacturing facility in Dubai. We are also enthused by the EPC order in Americas, secured by SAE Towers, which strengthens our order book in that region."

Shares of KEC INTERNATIONAL LTD. was last trading in BSE at Rs.367 as compared to the previous close of Rs. 370.45. The total number of shares traded during the day was 13546 in over 824 trades.

The stock hit an intraday high of Rs. 372.9 and intraday low of 365.1. The net turnover during the day was Rs. 4998609.

Source : Equity Bulls

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