KEC International wins New Orders of Rs. 1,213 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,213 crores across its various businesses:

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

The Civil business has secured an order in the urban infra 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 traction of order inflows throughout the year. With these orders, our total order inflow for FY23 stands at an all-time high of Rs. 22,378 crores, a substantial growth of ~30% vis-à-vis last year. The orders in T&D have significantly expanded our T&D order book, particularly in the international market. Our Civil business has further strengthened its presence with an order in the urban infra segment. These orders along with the orders announced earlier during the year, reaffirm our confidence in achieving the targeted growth going forward."

Shares of KEC International Limited was last trading in BSE at Rs. 454.80 as compared to the previous close of Rs. 449.90. The total number of shares traded during the day was 7072 in over 645 trades.

The stock hit an intraday high of Rs. 455.70 and intraday low of 446.05. The net turnover during the day was Rs. 3198503.00.

Source : Equity Bulls

Keywords

KECInternational INE389H01022 OrderWin