KEC International wins New Orders of Rs. 2,257 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 2,257 crores across its various businesses.

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

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

- Supply of Supply of Towers, Hardware and Poles in Americas

The Oil & Gas Pipelines business has secured its first international order for a pipeline laying project.

The Civil business has secured an order in the metals & mining segment from a reputed steel player 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 pleased with the new order wins, especially the large orders from PGCIL. These orders have considerably enhanced our India T&D order book. The Civil business continues to strengthen its presence in the metals and mining segment. Our Oil & Gas Pipeline business has successfully expanded its footprint internationally by securing its maiden international project in Africa. With these orders, our YTD order intake has surpassed Rs 16,000 crores. These orders will significantly contribute towards our targeted growth going forward."

Shares of KEC International Limited was last trading in BSE at Rs. 689.70 as compared to the previous close of Rs. 734.40. The total number of shares traded during the day was 28008 in over 1573 trades.

The stock hit an intraday high of Rs. 741.10 and intraday low of 685.00. The net turnover during the day was Rs. 19955019.00.

Source : Equity Bulls

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