KEC International wins a large order of Rs. 1,145 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured a prestigious turnkey order of Rs. 1,145 crores in its Transmission & Distribution (T&D) business for Design, Supply and Installation of 380 kV Overhead Transmission Line in the Kingdom of Saudi Arabia (KSA).

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are delighted with the significant order win in the international market. Our YTD order intake has now surpassed Rs. 7,500 crores, a robust growth of 30% vis-à-vis last year. With this order, Saudi Arabia continues to be a major growth driver in the Middle East region. This strategic project holds immense significance for both NEOM and Saudi Arabia, as it plays a pivotal role in developing the power infrastructure required for the development of NEOM – a visionary city in Saudi Arabia."

Shares of KEC International Limited was last trading in BSE at Rs. 664.40 as compared to the previous close of Rs. 682.85. The total number of shares traded during the day was 15211 in over 1290 trades.

The stock hit an intraday high of Rs. 684.00 and intraday low of 638.25. The net turnover during the day was Rs. 9999720.00.

Source : Equity Bulls

Keywords

KECInternational INE389H01022 Transmission Distribution OrderWin SaudiArabia