KEC International wins New Orders of Rs. 1,108 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,108 crores across its various businesses:

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

- 400 kV Transmission line order in India, from Power Grid Corporation of India Limited (PGCIL)

- 132 kV Underground cabling order in India, from a state utility

- 220 kV Transmission line and tower supply orders in Middle East, secured by our UAE subsidiary

- 330 kV Transmission line order in Africa

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

- Overhead Electrification (OHE) for Metro - Order for Overhead Electrification (OHE), Auxiliary power supply, SCADA system and associated works

- Train Collision Avoidance System (TCAS) - Order for Signaling & Telecommunication works of TCAS under 'Kavach' in consortium

- Composite - Order for doubling of tracks and associated civil works

The Oil & Gas Pipelines business has secured an order for laying of cross-country pipeline and associated works in India.

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are delighted with the new order wins, especially in Railways, which is witnessing a gradual uptick through orders in both conventional and new segments. The business has secured its maiden order in the prestigious TCAS segment under 'Kavach,' which aims to enhance safety of Indian Railways with world class technology. The orders in T&D have expanded our order book, especially the third order from PGCIL in quick succession. These orders, along with the orders announced earlier during the year, will significantly contribute towards our growth in the Domestic T&D market. The order in the Oil and Gas Pipelines further enhances the business' order book."

Source : Equity Bulls

Keywords

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