KEC International wins New Orders of Rs. 1,267 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,267 crores across its various businesses:

The Transmission & Distribution (T&D) business has secured NOAs/ Comfort letter for T&D projects in India and Americas:

- 800 kV HVDC & 765 kV Transmission line orders, from Power Grid Corporation of India Limited (PGCIL)

- Supply of towers, hardware and poles in Americas

The Cables business has secured orders for supply of various types of cables and conductors in India and overseas.

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are delighted with the substantial orders secured in our T&D business, particularly in the prestigious HVDC and 765 kV segments from PGCIL for green energy evacuation. These wins have further strengthened our T&D order book in India. We have a strong positive outlook on the growth of India's T&D market, fueled by the nation's rising energy needs and the government's unwavering drive to enhance renewable power capacity and transmission infrastructure. With these new orders, our YTD order intake stands at over Rs. 23,300 crores, a growth of 35% vis-à-vis last year."

Shares of KEC International Limited was last trading in BSE at Rs. 672.40 as compared to the previous close of Rs. 714.65. The total number of shares traded during the day was 179923 in over 6976 trades.

The stock hit an intraday high of Rs. 707.80 and intraday low of 663.60. The net turnover during the day was Rs. 122263411.00.

Source : Equity Bulls

Keywords

KECInternational INE389H01022 OrderWin