KEC International wins New Orders of Rs. 1,004 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,004 crores across its various businesses:

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

-- Composite order for construction of transmission lines, substations and underground cabling in India

- Supply of towers, hardware and poles in Americas

The Civil business has secured an order for a residential project from a renowned real estate developer in India.

The Railways business has secured an order for 2 x 25 kV Overhead Electrification (OHE) and associated works for speed upgradation in India.

The Cables business has secured orders for supply of conductors and cables in India:

- Maiden order for supply of power transmission conductors (ACSR and AL-59) from a reputed government utility

- Supply of various types of cables

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are happy with the new order wins across our business verticals, especially the breakthrough order for supply of power transmission conductors. This accomplishment aligns with our strategy of backward integration and capitalizing opportunities within the continuously growing demand for power transmission conductors globally. The consistent inflow of orders in T&D has significantly bolstered our order book, particularly within India. Our Civil business has further widened its presence in the residential segment with the addition of an esteemed client. We are also enthused with the Railway order in the Semi High-Speed Rail under Mission 'Raftaar.' With these orders, our YTD order intake stands at ~Rs 17,500 crores."

Shares of KEC International Limited was last trading in BSE at Rs. 673.10 as compared to the previous close of Rs. 663.60. The total number of shares traded during the day was 19312 in over 1740 trades.

The stock hit an intraday high of Rs. 680.00 and intraday low of 661.25. The net turnover during the day was Rs. 12967738.00.

Source : Equity Bulls

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