KEC International wins New Orders of Rs. 1,313 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,313 crores across its various businesses:

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

- 220 kV GIS Substation for a refinery project in India
- 500 kV Transmission line in Thailand
- 132 kV Transmission line and associated substations in Nepal

The Solar business has secured a large order for a 500 MW Solar PV project in India.

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are delighted with the new order wins, especially our largest order in Solar business to build a 500 MW Solar PV power plant in India. In line with the Government's thrust on green hydrogen and renewables, such as Solar, we are now refocusing on this business. With the substation order in T&D, we have now diversified our customer base to include nonutility clients, in addition to the current power utilities. The T&D orders in East Asia Pacific and SAARC have further strengthened our presence in these international markets. With these orders, our YTD order intake stands at ~Rs. 14,500 crores, a robust growth of ~20% vis-à-vis last year."

Shares of KEC International Limited was last trading in BSE at Rs. 477.15 as compared to the previous close of Rs. 479.40. The total number of shares traded during the day was 34218 in over 2552 trades.

The stock hit an intraday high of Rs. 491.70 and intraday low of 470.65. The net turnover during the day was Rs. 16503102.00.

Source : Equity Bulls

Keywords

KECInternational INE389H01022 OrderWin SolarPVProject Transmission Distribution