KEC International wins New Orders of Rs. 1,025 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,025 crores in T&D and Cables businesses:

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

- 765 kV GIS Substation in India, from Power Grid Corporation of India Limited (PGCIL)
- 225 kV Composite project including Transmission line, Substations & Underground cabling in West Africa
- Supply of towers, hardware and poles in Americas

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 continuous inflow of orders, especially in our T&D business. The orders in T&D have substantially expanded our order book in both domestic and international markets. With the above orders, our YTD order intake has surpassed Rs. 4,000 crores, with a staggering growth of over 70% vis-à-vis last year. These orders along with the orders announced earlier during the year, reaffirm our confidence in achieving the targeted growth going forward."

Shares of KEC International Limited was last trading in BSE at Rs. 862.95 as compared to the previous close of Rs. 856.05. The total number of shares traded during the day was 7165 in over 796 trades.

The stock hit an intraday high of Rs. 867.00 and intraday low of 854.10. The net turnover during the day was Rs. 6167841.00.

Source : Equity Bulls

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