Stock Report

KEC International wins New Orders of Rs. 1,829 crores



Posted On : 2021-10-22 14:59:28( TIMEZONE : IST )

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,829 crores across its various businesses:

The Transmission & Distribution (T&D) business has secured orders of Rs 656 crores for T&D projects in Europe and Americas.

The Railways business has secured orders of Rs 144 crores in the technologically enabled / emerging metro segments in India.

The Civil business has secured orders of Rs 935 crores for infra works in the water pipelines and industrial segments in India.

The Cables business has secured orders of Rs 94 crores for various types of cables in India and overseas.

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are pleased with the continuous order inflows, especially in International T&D and Civil businesses. Our YTD order intake has now surpassed Rs. 7,000 crores, with a robust growth of ~70% vis-à-vis last year. We have widened our international footprint with the first T&D EPC order in Europe. The orders in Americas, secured by our subsidiary SAE Towers, demonstrate a revival in the North American market. Our Railway business has expanded its order book in the technologically enabled areas of metros. The orders in Civil have strengthened our presence in the water pipelines & industrial segments and further diversified our clientele."

Shares of KEC International Limited was last trading in BSE at Rs. 464.45 as compared to the previous close of Rs. 462.60. The total number of shares traded during the day was 31559 in over 3067 trades.

The stock hit an intraday high of Rs. 474.50 and intraday low of 457.05. The net turnover during the day was Rs. 14762336.00.

Source : Equity Bulls

Keywords

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