KEC International wins New Orders of Rs. 1,002 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured orders of Rs. 1,002 crores in its Civil business:

- Residential projects in Northern and Southern India from renowned real estate developers

- Construction of official residences and associated facilities for senior Defence officials in India

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are pleased with the new orders in our Civil business, including our largest order in the Residential segment. The Civil business continues to be on an exponential growth trajectory, which is reflected in the substantial repeat orders secured from existing clients across diverse segments. With this order in Northern India, KEC is now constructing over 70 high-rise buildings for marquee clients across the country. These orders reaffirm our confidence that this business will continue to contribute significantly to KEC's overall growth."

Shares of KEC International Limited was last trading in BSE at Rs. 720.35 as compared to the previous close of Rs. 697.40. The total number of shares traded during the day was 37055 in over 2442 trades.

The stock hit an intraday high of Rs. 742.80 and intraday low of 700.00. The net turnover during the day was Rs. 26574781.00.

Source : Equity Bulls

Keywords

KECInternational OrderWin CivilBusiness