KEC International wins New Orders of Rs. 1,233 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,233 crores across its various businesses:

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

- 765 kV Digital GIS Substation order in India, from Power Grid Corporation of India Limited (PGCIL)

- Supply of towers in Middle East, secured by our subsidiary in UAE

- Supply of towers, hardware and poles in Americas, secured by our subsidiary, SAE Towers

The Civil business has secured orders for infra works in the Paints and Metals & Mining segments in India.

The Oil & Gas Pipelines business has secured an order for laying of cross-country pipeline and associated works 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, especially the prestigious order from PGCIL, to build India's first 765 kV Digital substation. Our Civil business continues to strengthen and diversify its presence in the industrial segment with the addition of a very reputed client. We are also encouraged by the order in the Oil and Gas Pipelines, which further enhances the business' order book."

Shares of KEC International Limited was last trading in BSE at Rs. 459.65 as compared to the previous close of Rs. 461.10. The total number of shares traded during the day was 5964 in over 457 trades.

The stock hit an intraday high of Rs. 465.30 and intraday low of 456.95. The net turnover during the day was Rs. 2752659.00.

Source : Equity Bulls

Keywords

KECInternational INE389H01022 OrderWin DigitalSubstation RPGGroup