KEC International wins New Orders of Rs. 1,131 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,131 crores across its various businesses.

The Transmission & Distribution (T&D) business has secured orders for T&D projects in Middle East and Americas. The orders in Middle East include maiden orders secured directly by our EPC subsidiary in UAE.

The Railways business has secured order for 2 x 25 kV Overhead Electrification (OHE) and associated works for speed upgradation in India.

The Civil business has secured orders in the cement, residential and public spaces segments in India and has added some prestigious clients to its portfolio.

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 the orders secured across all our business verticals despite the continuing global headwinds. With these orders, our YTD order intake has crossed Rs. 15,000 crores, with a robust growth of ~60% vis-à-vis last year. We are witnessing a gradual uptick in the North American T&D market as witnessed by the flow of orders in Americas secured by our subsidiary SAE Towers."

Shares of KEC International Limited was last trading in BSE at Rs. 466.55 as compared to the previous close of Rs. 465.20. The total number of shares traded during the day was 3872 in over 372 trades.

The stock hit an intraday high of Rs. 477.50 and intraday low of 459.35. The net turnover during the day was Rs. 1799203.00.

Source : Equity Bulls

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KECInternational INE389H01022 OrderWin