KEC International ltd wins Orders of Rs. 1,097 crores in the International T&D Business

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,097 crores in its Transmission and Distribution (T&D) business:

UAE: Project for setting up of 400 kV Transmission lines

Americas: Supply of towers, hardware and poles across the United States, Mexico and Brazil

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are delighted with the continuous success in our T&D business, demonstrated by the series of significant order wins. The consistent flow of orders from the Middle East and the Americas has strengthened our international T&D order book significantly in addition to our strong India T&D order book. Notably, 72% of the order intake this year is from our T&D business. With these orders, our YTD order intake now stands at over Rs.19,500 crores, reflecting a remarkable growth of ~70% vis-à-vis last year, reaffirming our confidence in achieving our future growth plans".

Shares of KEC International Limited was last trading in BSE at Rs. 1223.90 as compared to the previous close of Rs. 1211.85. The total number of shares traded during the day was 14748 in over 1060 trades.

The stock hit an intraday high of Rs. 1233.35 and intraday low of 1207.55. The net turnover during the day was Rs. 18013374.00.

Source : Equity Bulls

Keywords

KECInternational INE389H01022 OrderWin