KEC International wins New Orders of Rs. 1,005 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,005 crores across its various businesses:

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

- 220 and 400 kV Overhead Transmission lines in Middle east
- 110kV Transmission lines in Europe
- Supply of Towers in Middle East, Africa and Americas
- Supply of Hardware and Poles in Americas
- 220kV cabling works in India from a Global Steel producer

The Railways business has secured an order for 25 kV Overhead Electrification (OHE) & associated works in the conventional segment in India.

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 delighted with the new order wins, especially our order in Cabling works from a leading Steel producer in India. The orders in the T&D business have expanded our order book in the Middle East outside Saudi. We are particularly enthused by the order in Railways, which further consolidates our order book in the conventional Railway segment. With these orders, our YTD order intake stands at ~Rs 10,000 crores".

Shares of KEC International Limited was last trading in BSE at Rs. 599.35 as compared to the previous close of Rs. 598.60. The total number of shares traded during the day was 6333 in over 673 trades.

The stock hit an intraday high of Rs. 602.00 and intraday low of 587.25. The net turnover during the day was Rs. 3767426.00.

Source : Equity Bulls

Keywords

KECInternational INE389H01022 OrderWin