KEC International wins New Orders of Rs. 1,065 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,065 crores across its various businesses:

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

- 400 kV Transmission line and GIS Substation order in India, from a subsidiary of a reputed PSU in renewable power generation segment

- 400/220 kV AIS Substation order in India, from a leading private developer

- Supply of towers in Africa

- 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, especially the consistent inflows in Domestic T&D business. These orders have significantly enhanced our India T&D order book and further diversified our clientele. In line with the thrust of Indian Government on renewable energy, we have secured our second large order from a non-utility client, for distribution of power generated by large renewable parks. The continuous flow of orders in Americas, secured by our subsidiary SAE Towers, reflects the growing market across US, Mexico and Brazil. With these orders, our YTD order intake stands at ~Rs. 4,500 crores, with a staggering growth of ~30% vis-à-vis last year."

Shares of KEC International Limited was last trading in BSE at Rs. 645.55 as compared to the previous close of Rs. 633.95. The total number of shares traded during the day was 129244 in over 4875 trades.

The stock hit an intraday high of Rs. 658.00 and intraday low of 635.00. The net turnover during the day was Rs. 83544162.00.

Source : Equity Bulls

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KECInternational INE389H01022 OrderWin