KEC International wins New Orders of Rs. 3,023 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 3,023 crores across its various businesses:

The Civil business has secured orders for executing infra works in the Water Pipeline and Commercial building segments in India.

The Transmission & Distribution (T&D) business has secured orders for T&D projects in Americas.

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 size of new order wins, especially the orders in the water pipeline segment including our single largest order till date. We are now executing ten prestigious projects in this segment with an overall project value of over Rs. 5,000 crores, under the 'Jal Jeevan Mission' of the Government. The civil business has also diversified its presence with a maiden order in the commercial building segment, from a reputed international real estate developer. With the above orders, our YTD order intake stands at a record level of over Rs. 18,500 crores, a robust growth of over 30% vis-à-vis last year. These orders will significantly contribute towards our targeted growth going forward."

Shares of KEC International Limited was last trading in BSE at Rs. 475.20 as compared to the previous close of Rs. 475.30. The total number of shares traded during the day was 9286 in over 536 trades.

The stock hit an intraday high of Rs. 478.50 and intraday low of 461.00. The net turnover during the day was Rs. 4416662.00.

Source : Equity Bulls

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KECInternational INE389H01022 OrderWin