KEC International wins New Orders of Rs. 1,245 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,245 crores across its various businesses:

The Transmission & Distribution (T&D) business has secured orders of Rs. 629 crores for T&D projects in India, SAARC, Middle East, Africa, and the Americas.

The Railways business has secured orders of Rs. 446 crores in technologically enabled / conventional segments in India:

- Third Rail for Metro - Orders for third rail and associated works
- Overhead Electrification (OHE) - Orders for Overhead Electrification (OHE) and associated works

The Civil business has secured orders of Rs. 107 crores for infra works in the Defence and industrial segments in India.

The Cables business has secured orders of Rs. 63 crores for various types of cables in India and overseas.

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are pleased with the new order wins secured across our business verticals. With these orders, our total order inflow for FY21 stands at Rs. 11,876 crores with a YOY growth of 5% despite the challenging environment. Our Railway order book continues to grow with orders in both conventional and new areas. The EPC order in Americas, secured by our subsidiary SAE Towers, further strengthens our order book in that region."

Shares of KEC INTERNATIONAL LTD. was last trading in BSE at Rs.417.5 as compared to the previous close of Rs. 417.5. The total number of shares traded during the day was 3881 in over 235 trades.

The stock hit an intraday high of Rs. 423.95 and intraday low of 413.9. The net turnover during the day was Rs. 1624782.

Source : Equity Bulls

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