KEC International wins New Orders of Rs. 1,236 crores in its Civil business

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,236 crores for Civil projects in India:

- High-rise Residential projects in Western India from renowned real estate developers, involving the development of over 50 lacs square feet of residential buildings along with associated facilities

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are delighted with the premium orders secured in our Civil business, including our largest order in the Buildings & Factories (B&F) segment. This marks a key milestone in our strategic foray into the premium high-rise residential segment, with buildings reaching up to G+70 storeys. These wins have significantly strengthened our Civil order book, particularly in the B&F segment and expanded our presence with the addition of two prestigious clients. With these orders, KEC is now constructing over 70 high-rise buildings for marquee clients across the country. Our YTD order intake has surpassed Rs. 5,500 crores, a healthy growth of ~35% vis-à-vis last year."

Shares of KEC International Limited was last trading in BSE at Rs. 888.30 as compared to the previous close of Rs. 883.50. The total number of shares traded during the day was 14617 in over 716 trades.

The stock hit an intraday high of Rs. 904.00 and intraday low of 886.00. The net turnover during the day was Rs. 13081836.00.

Source : Equity Bulls

Keywords

KECInternational INE389H01022 OrderWin