KEC International wins new orders of Rs. 1,050 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,050 crores across various businesses:

The Renewables business has secured a breakthrough order for a 100+ MW Wind Project - Balance of Plant (BoP) package in Southern India from a renowned private developer.

The Civil business has secured an order in the Buildings & Factories (B&F) segment from an existing client for the execution of a downstream project in Western India for a leading steel player.

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

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

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are pleased with the new order wins across businesses especially the maiden order in the Wind Energy segment secured by our Renewables business, marking our entry into this fast-growing area of the Renewable energy sector. Our Civil business continues to strengthen its presence in the B&F segment with a large downstream project from a leading steel player. Our subsidiary, SAE Towers has secured significant tower supply orders in Mexico, reflecting an uptick in the North American T&D market. With these wins, our year-to-date order intake stands at ~Rs 19,300 crore, reaffirming our confidence in achieving our growth targets."

Shares of KEC International Limited was last trading in BSE at Rs. 738.35 as compared to the previous close of Rs. 737.50. The total number of shares traded during the day was 17807 in over 838 trades.

The stock hit an intraday high of Rs. 742.80 and intraday low of 732.85. The net turnover during the day was Rs. 13168960.00.

Source : Equity Bulls

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KECInternational INE389H01022 OrderWin