KEC International wins New Orders of Rs. 1,007 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,007 crores across its various businesses:

The Civil business has secured a prestigious order for Design, Engineering, Procurement and Construction of a Multispeciality Hospital in India.

The Transmission & Distribution (T&D) business has secured a substantial order for a 380 kV Overhead Transmission line project in the Middle East.

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 continuous inflow of orders, especially in our T&D and Civil businesses. In line with our strategy, the civil business has expanded its presence by securing a breakthrough order for building a Multispeciality Hospital in Eastern India. The T&D order in the Middle East region has significantly enhanced our order book in the international T&D market. With the above orders, our YTD order intake stands at a record level of over Rs. 5,500 crores, a strong growth of ~15% vis-à-vis last year."

Shares of KEC International Limited was last trading in BSE at Rs. 623.95 as compared to the previous close of Rs. 638.40. The total number of shares traded during the day was 12567 in over 738 trades.

The stock hit an intraday high of Rs. 649.00 and intraday low of 622.00. The net turnover during the day was Rs. 7948398.00.

Source : Equity Bulls

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KECInternational INE389H01022 OrderWin