KEC International wins New Orders of Rs. 1,042 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,042 crores across its various businesses:

The Railways business has secured its maiden international order for a Signaling & Telecommunication project in SAARC.

The Civil business has secured an order in the Metals & Mining segment from a reputed steel player in India.

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

- Setting up of overhead Transmission line in Middle East
- Supply of towers in India, Europe 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 supply of 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. The Railway business has successfully expanded its footprint internationally, leveraging the strong presence of our T&D business. The Civil business continues to strengthen its order book in the industrial segment with the addition of a very reputed client. The maiden tower supply order from Europe is a testament of our dedicated focus on diversifying the tower sales business geographically."

Shares of KEC International Limited was last trading in BSE at Rs. 575.70 as compared to the previous close of Rs. 574.95. The total number of shares traded during the day was 12248 in over 812 trades.

The stock hit an intraday high of Rs. 584.10 and intraday low of 569.85. The net turnover during the day was Rs. 7070852.00.

Source : Equity Bulls

Keywords

KECInternational INE389H01022 OrderWin