KEC International wins New Orders of Rs. 1,102 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,102 crores across various businesses:

The Civil business has secured a prestigious order for civil and structural works of a 150 MW thermal power plant from a leading private player in India.

The Transportation business has secured orders in the prestigious Train Collision Avoidance System (TCAS) segment under 'Kavach' in India.

The Transmission & Distribution (T&D) business has secured orders for supply of towers, hardware & poles in the Americas and the Middle East.

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

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are pleased with the order wins across our various businesses. The Civil business has further expanded its presence in the Buildings & Factories (B&F) segment by securing an order for civil & structural works of a thermal power plant and widened its customer base with the addition of a very reputed client. Our Transportation business continues to gain momentum in the prestigious TCAS (Kavach) segment, with orders aimed at enhancing the safety of Indian Railways through world-class technology. With these orders, our YTD order intake now stands at ~Rs. 12,800 crore."

Shares of KEC International Limited was last trading in BSE at Rs. 854.45 as compared to the previous close of Rs. 853.70. The total number of shares traded during the day was 31220 in over 1552 trades.

The stock hit an intraday high of Rs. 857.25 and intraday low of 845.20. The net turnover during the day was Rs. 26567271.00.

Source : Equity Bulls

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KECInternational INE389H01022 OrderWin