Stock Report

KEC International wins New Orders of Rs. 1,065 crores



Posted On : 2021-12-03 11:33:07( TIMEZONE : IST )

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,065 crores across its various businesses:

The Transmission & Distribution (T&D) business has secured orders for T&D projects in India, Middle East, Africa, and Americas.

The Railways business has secured an order for construction of Railway Siding in the conventional segment in India.

The Civil business has secured an order for infra works in the Water Pipeline segment in India.

The Oil & Gas Pipelines business has secured an order for laying of oil and gas pipeline, through our wholly owned subsidiary, Spur Infrastructure Pvt. Ltd.

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

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "Our order book continues to grow on the backdrop of orders secured across all our business verticals. The continuous orders in T&D have significantly enhanced our order book, especially in the international markets. We are particularly enthused by the order in Railways, which further consolidate our leadership in the conventional Railway segment. The order in Civil has strengthened our presence in the growing water infra segment. With these orders, our YTD order intake stands at ~Rs. 11,000 crores with a strong growth of 2.5 times visà-vis last year. 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. 431.75 as compared to the previous close of Rs. 427.80. The total number of shares traded during the day was 15617 in over 976 trades.

The stock hit an intraday high of Rs. 435.60 and intraday low of 424.55. The net turnover during the day was Rs. 6735781.00.

Source : Equity Bulls

Keywords

KECInternationalLimited INE389H01022 OrderWin Railways Civil Transmission Distribution OilandGas Cables