KEC International wins New Orders of Rs. 1,560 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,560 crores for Transmission & Distribution (T&D) projects in India, from Power Grid Corporation of India Limited (PGCIL) under Tariff Based Competitive Bidding (TBCB) route:

- 765 kV Transmission line
- 765/400 kV AIS Substation
- 765 kV GIS Substations

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are pleased with the prestigious orders from PGCIL. These orders along with the orders announced earlier during the year, have significantly enhanced our order book in the domestic T&D market. With the focus of the Government on green hydrogen and renewables, such as solar, we are witnessing an uptick in the domestic T&D market, which had been sluggish for past few years. With the above orders, our YTD order intake stands at an all-time high of over Rs. 21,000 crores, a substantial growth of ~30% vis-à-vis last year."

Shares of KEC International Limited was last trading in BSE at Rs. 459.95 as compared to the previous close of Rs. 466.60. The total number of shares traded during the day was 7746 in over 571 trades.

The stock hit an intraday high of Rs. 471.30 and intraday low of 456.00. The net turnover during the day was Rs. 3609178.00.

Source : Equity Bulls

Keywords

KECInternational INE389H01022 OrderWin Transmission Distribution PowerGridCorporationofIndia OrderBook