KEC International wins New Orders of Rs. 1,017 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,017 crores across its various businesses.

The Transmission & Distribution (T&D) business has secured an order for a 765 kV Transmission line from a private developer in India.

The Civil business has secured orders for industrial and residential projects 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 pleased to start the financial year with significant order wins across businesses. The prestigious order in T&D from an existing private developer reaffirms our confidence in the growth of the India T&D business. The civil business continues to be on a high growth trajectory and widens its presence by securing orders in the composite space (including civil, mechanical and electrical works)."

Shares of KEC International Limited was last trading in BSE at Rs. 460.40 as compared to the previous close of Rs. 460.80. The total number of shares traded during the day was 6483 in over 539 trades.

The stock hit an intraday high of Rs. 463.05 and intraday low of 458.00. The net turnover during the day was Rs. 2986331.00.

Source : Equity Bulls

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