KEC International wins New Orders of Rs. 816 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 816 crores across its various businesses:

The Civil business has secured orders for infrastructure projects in India:

Metals & Mining: Setting up of a Steel plant in Northern India
Cement: Building a Cement plant in Central India
Carbon Black: Establishing a plant for Carbon derivates in Eastern India

The Transmission & Distribution (T&D) business has secured orders for supply of towers in the United States of America.

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 prestigious orders in Civil business. Our Civil business has made remarkable strides by expanding its footprint in the industrial segment with multiple orders for establishing manufacturing facilities across India. The business has also widened its customer base with the addition of a highly reputed client. With these orders, our total order intake for FY24 stands at Rs. 18,102 crores. These orders along with the orders announced earlier during the year, reaffirm our confidence in achieving the targeted growth trajectory in the future."

Shares of KEC International Limited was last trading in BSE at Rs. 769.60 as compared to the previous close of Rs. 728.55. The total number of shares traded during the day was 479861 in over 20488 trades.

The stock hit an intraday high of Rs. 838.25 and intraday low of 757.05. The net turnover during the day was Rs. 386513225.00.

Source : Equity Bulls

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