KEC International wins New Orders of Rs. 1,017 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,017 crores in T&D and Renewables businesses:

The Transmission & Distribution (T&D) business has secured orders for EPC project and supply of towers in the Middle East.

The Renewables business has secured an order for Balance of System Package of a 625 MWp Solar PV project in Rajasthan from a subsidiary of a reputed PSU in renewable power generation segment.

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are delighted with the continuous inflow of orders in the first quarter of the financial year. The prestigious Solar order has reaffirmed our confidence that the Renewable EPC business will contribute significantly to our future growth. The T&D orders in the Middle East have further strengthened our order book in the international T&D market. With these orders, our YTD order intake has surpassed Rs 5,000 crores, a remarkable growth of 50% vis-à-vis last year."

Shares of KEC International Limited was last trading in BSE at Rs. 921.15 as compared to the previous close of Rs. 902.70. The total number of shares traded during the day was 240624 in over 8865 trades.

The stock hit an intraday high of Rs. 968.20 and intraday low of 917.00. The net turnover during the day was Rs. 228066219.00.

Source : Equity Bulls

Keywords

KECInternational INE389H01022 OrderWin TransmissionandDistribution Renewables