KEC International wins New Orders of Rs. 1,157 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,157 crores across its various businesses:

The Transmission & Distribution (T&D) business has secured orders of Rs 663 crores for projects in the Middle East, Africa, and the Americas.

The Railways business has secured orders of Rs 220 crores for 2 x 25 kV Overhead Electrification (OHE) and associated works for speed upgradation in India.

The Civil business has secured an order of Rs 173 crores for construction of a new airport terminal building and associated works in South India.

The Cables business has secured orders of Rs 101 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 orders secured across our business verticals. The orders in T&D, especially in the Middle East region will enable us to further strengthen our presence in the international markets. Our Railway order book continues to grow in emerging/new areas with orders in the Semi High-Speed Rail under mission 'Raftaar.' We are particularly enthused with our first order in the Airports vertical which marks our entry in the growing public spaces segment."

Shares of KEC International Ltd. was last trading in BSE at Rs. 454.95 as compared to the previous close of Rs. 438.5. The total number of shares traded during the day was 142087 in over 6002 trades.

The stock hit an intraday high of Rs. 467.95 and intraday low of 432.5. The net turnover during the day was Rs. 64935592.

Source : Equity Bulls

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