KEC International wins New Orders of Rs. 1,566 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,566 crores across its various businesses:

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

- 400/220 kV Transmission lines and 220/132 kV GIS & AIS Substation orders in India
- Supply of Towers, Hardware and Poles in Americas

The Civil business has secured an order in the Commercial building segment in India.

The Oil & Gas Pipelines business has secured an order for composite works for an oil terminal station 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 happy with the new order wins, especially the significant orders in the T&D business. The momentum in our tower supply orders especially in North America is indicative of the growing demand for our product offerings in the region. Our Civil business has further expanded its presence in the commercial building segment with an order from a reputed real estate developer for a hybrid high-rise structure. The Oil & Gas Pipeline business has strengthened its order book by securing its second order for composite station works."

Shares of KEC International Limited was last trading in BSE at Rs. 590.60 as compared to the previous close of Rs. 593.95. The total number of shares traded during the day was 10351 in over 1207 trades.

The stock hit an intraday high of Rs. 596.00 and intraday low of 589.30. The net turnover during the day was Rs. 6126172.00.

Source : Equity Bulls

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KECInternational INE389H01022 OrderWin