KEC International wins New T&D Orders of Rs. 1,422 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,422 crores for Transmission & Distribution (T&D) projects in India and Americas:

- 765 kV and 400 kV Transmission line orders in India, from Power Grid Corporation of India Limited (PGCIL)

- Supply of Substation structures in the United States of America (USA)

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are delighted with the continued success in our T&D business, driven by a series of significant order wins. Our order book in India T&D continues to grow on the back of the prestigious orders secured from PGCIL. We are also encouraged by our largest order for supply of substation structures in the USA. With these, our YTD order intake has surpassed Rs 7,500 crores, a remarkable growth of over 70% vis-à-vis last year. These orders along with the orders announced earlier during the year, will substantially contribute towards our targeted growth going forward."

Shares of KEC International Limited was last trading in BSE at Rs. 880.10 as compared to the previous close of Rs. 877.50. The total number of shares traded during the day was 37341 in over 2899 trades.

The stock hit an intraday high of Rs. 884.15 and intraday low of 827.50. The net turnover during the day was Rs. 32225746.00.

Source : Equity Bulls

Keywords

KECInternational INE389H01022 OrderWin