KEC International wins New Orders of Rs. 1,150 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,150 crores in the T&D and Civil businesses in India:

The India Transmission & Distribution (T&D) business has secured its largest-ever order from a reputed private player for:

- 765 kV transmission line
- 765/400 kV AIS substation on LSTK basis

The Civil business has secured an order for additional civil and structural works for a 150 MW thermal power plant from a prominent private player.

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are delighted with these order wins in India, particularly the significant composite order secured by our India T&D business for the evacuation of renewable energy. This order has substantially increased the share of private sector clients in our India T&D order book. The Civil business has increased its presence in the growing thermal power plant segment. With these wins, our YTD order intake has crossed Rs. 18,000 crores, reaffirming our confidence in achieving our annual order intake target."

Shares of KEC International Limited was last trading in BSE at Rs. 691.60 as compared to the previous close of Rs. 684.00. The total number of shares traded during the day was 20381 in over 1399 trades.

The stock hit an intraday high of Rs. 694.90 and intraday low of 682.10. The net turnover during the day was Rs. 14008225.00.

Source : Equity Bulls

Keywords

KECInternational INE389H01022 OrderWin TransmissionandDistribution Civil