KEC International wins New Orders of Rs. 1,349 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,349 crores across its various businesses:

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

- HVDC project in India, from a leading private player - KEC's first project in the promising segment of HVDC Terminal Station in India

- 400 kV Overhead Transmission line in Kuwait

- 132 kV Underground Cabling order in Nepal

- Supply of towers in the United States of America

The Civil business has secured orders for building a Data Centre and for infra works in the Hydrocarbon segment 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 delighted with the new order wins, especially our maiden order in the growing segment of HVDC Terminal Station in India. KEC is the first EPC company in India to secure an order of this scale in this segment. We have consolidated our leadership position in the Middle East market by re-entering Kuwait. With the cabling order in Nepal, we have expanded our presence in the international cabling solutions segment. With the order for building a Data Centre in NCR, we are now executing Data Centre projects across India. With these orders, our YTD order intake has now surpassed Rs. 13,000 crores, a robust growth of ~20% vis-à-vis last year."

Shares of KEC International Limited was last trading in BSE at Rs. 468.10 as compared to the previous close of Rs. 471.30. The total number of shares traded during the day was 32895 in over 2077 trades.

The stock hit an intraday high of Rs. 482.35 and intraday low of 464.75. The net turnover during the day was Rs. 15596593.00.

Source : Equity Bulls

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KECInternational INE389H01022 OrderWin