KEC International wins New Orders of Rs. 1,304 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,304 crores across its various businesses:

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

- 765 kV Transmission line and 765 kV GIS Substation orders in India, from Power Grid Corporation of India Limited (PGCIL)

- 20 kV Transmission line order in SAARC

- Supply of Towers, Hardware and Poles in Americas

The Civil business has secured an order in the Residential building 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, particularly the prestigious orders from PGCIL, which have significantly bolstered our India T&D order book. We continue to remain optimistic on the India T&D business, on the back of the continued thrust of Government of India for setting up of renewable energy projects. The Civil business has further expanded its footprint in the residential building segment by securing a repeat order from a reputed real estate developer. We are also encouraged by the healthy order intake in Cable business, including our largest order for cable supply from a prominent infrastructure major. With these orders, our YTD order intake stands at ~Rs 13,000 crores."

Shares of KEC International Limited was last trading in BSE at Rs. 628.05 as compared to the previous close of Rs. 622.90. The total number of shares traded during the day was 20588 in over 799 trades.

The stock hit an intraday high of Rs. 643.75 and intraday low of 625.20. The net turnover during the day was Rs. 13101984.00.

Source : Equity Bulls

Keywords

KECInternational INE389H01022 OrderWin