KEC International wins New T&D Orders of Rs. 1,100 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,100 crores for Transmission & Distribution (T&D) projects in India, Middle East, Australia and Americas:

- 765 kV Transmission line and 765 kV GIS Substation orders in India, from Power Grid Corporation of India Limited (PGCIL)

- 132 kV Transmission line in the United Arab Emirates (UAE)

- Supply of Towers in Australia and Americas

- Supply of Hardware and Poles in Americas

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are delighted with the continuous inflow of orders, especially in our T&D business. The 765 kV orders from PGCIL have substantially bolstered our India T&D order book. The consecutive orders in UAE have further solidified our leadership in the Middle East T&D market. We are particularly enthused by the significant tower supply order from Australia, which strengthens our tower supply business by tapping into a sizeable new market. With the above orders, our YTD order intake has exceeded Rs 6,000 crores, a staggering growth of over 80% vis-à-vis last year."

Shares of KEC International Limited was last trading in BSE at Rs. 887.35 as compared to the previous close of Rs. 885.55. The total number of shares traded during the day was 11328 in over 1157 trades.

The stock hit an intraday high of Rs. 899.20 and intraday low of 881.70. The net turnover during the day was Rs. 10089738.00.

Source : Equity Bulls

Keywords

KECInternational INE389H01022 OrderWin Transmission Distribution