Stock Report

KEC International wins New Orders of Rs. 1,147 crores

Posted On : 2022-05-16 17:58:48( TIMEZONE : IST )

KEC International wins New Orders of Rs. 1,147 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,147 crores across its various businesses.

The Transmission & Distribution (T&D) has secured orders for T&D and Cabling projects in Americas and Middle East.

The Railways business has secured orders in the technologically enabled / conventional segments in India:

Overhead Electrification (OHE) for Metro - Order for Overhead Electrification (OHE), Auxiliary substations, SCADA system and associated works for elevated and underground metro stations

Conventional Overhead Electrification (OHE) - Order for Overhead Electrification (OHE) and associated works

Semi High-Speed Rail - Order for 2 x 25 kV Overhead Electrification (OHE) & associated works for speed upgradation (Mission 'Raftaar')

The Civil business has secured orders in the residential, hydrocarbon and data centre segments in India.

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

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are pleased with the new order wins secured across our business verticals at the start of its financial year. With the cabling order in Middle East, we have reinforced our presence in the international cabling solutions segment. Our Railway business has enhanced its order book in both conventional and new segments. We are witnessing a gradual uptick in the Railways order intake. The diverse orders in the Civil business, further strengthen our portfolio diversification and reaffirm our confidence in the continued strong growth of this business going forward."

Shares of KEC International Limited was last trading in BSE at Rs. 370.10 as compared to the previous close of Rs. 365.35. The total number of shares traded during the day was 9589 in over 754 trades.

The stock hit an intraday high of Rs. 375.40 and intraday low of 360.45. The net turnover during the day was Rs. 3532613.00.

Source : Equity Bulls


KECInternational INE389H01022 OrderWin