KEC International wins a New Order of Rs. 1,082 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,082 crores in the T&D business as below:

- 400 kV Transmission line order in SAARC, from Power Grid Company of Bangladesh (PGCB)

- 400 kV Transmission line order in India, from a leading private developer under Tariff Based Competitive Bidding (TBCB) route

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are very happy with the continuous order wins, amidst a challenging environment. The order in SAARC is one of our largest T&D orders and significantly enhances our international T&D order book. We are also enthused by the TBCB order from a private developer, which further strengthens our presence in the domestic T&D market. Our YTD order inflows now stand at ~Rs. 8,500 crores, which is a staggering growth of ~100% vis-à-vis last year. With this, our share of international orders in the total order book increases to 41%. These orders along with the orders announced earlier, reaffirm our confidence in achieving the targeted growth going forward."

Shares of KEC International Limited was last trading in BSE at Rs. 475.90 as compared to the previous close of Rs. 518.55. The total number of shares traded during the day was 66873 in over 4624 trades.

The stock hit an intraday high of Rs. 504.00 and intraday low of 468.35. The net turnover during the day was Rs. 32671288.00.

Source : Equity Bulls

Keywords

KECInternational INE389H01022 OrderWin