KEC International wins New Orders of Rs. 1,373 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,373 crores across its various businesses:

The Railways business has secured orders in the technologically enabled and conventional/emerging segments in India:

- Automatic Block Signaling (ABS) - Orders for Signaling & Telecommunication for Automatic Block Signaling (ABS) system

- Semi High-Speed Rail - Orders for 2 x 25 kV Overhead Electrification (OHE) & associated works for speed upgradation

The Civil business has secured orders in the residential and commercial building segments in India.

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

- 400 kV Transmission line order in India
- Supply of towers in India and the United States of America
- Supply of towers, hardware and poles in Americas, secured by our subsidiary, SAE Towers

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 new order wins secured across our business verticals, especially in Railways. In line with Government's focus on increasing capacity, speed and safety of Indian Railway network, we have forayed in the emerging segment of Automatic Block Signaling (ABS) to increase line capacity through automation. Our Civil business continues to witness an exponential growth trajectory which is reflected in the orders secured. The repeat order in T&D from an existing private developer reaffirms the growth of the India T&D business. We are also witnessing a good traction in the tower supply orders, especially in North America."

Shares of KEC International Limited was last trading in BSE at Rs. 551.60 as compared to the previous close of Rs. 563.40. The total number of shares traded during the day was 58074 in over 3312 trades.

The stock hit an intraday high of Rs. 572.10 and intraday low of 549.00. The net turnover during the day was Rs. 32457276.00.

Source : Equity Bulls

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