KEC International wins New Orders of Rs. 1,020 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,020 crores across various businesses:

The Civil business has secured a prestigious order for construction of a Multispeciality Hospital from a renowned healthcare player in Central India.

The Transportation business has secured an order for the construction of a Railway Siding for a private player in Central India.

The Transmission & Distribution (T&D) business has secured orders for T&D projects:

- 220 kV and 132 kV cabling works from a reputed steel producer in Eastern India

- 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 market.

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are pleased with the new order wins secured across our business verticals. Our Civil business has strengthened its presence in the Hospital segment with an order for the construction of a Multispeciality Hospital in Central India. In the Transportation business, the railway siding order from a private player is a key strategic win that widens our order book. Additionally, our subsidiary, SAE Towers, has secured successive large tower supply orders in the United States, demonstrating continued momentum in the North American T&D market. With these wins, our yearto-date order intake stands at ~Rs 20,300 Cr."

Shares of KEC International Limited was last trading in BSE at Rs. 615.75 as compared to the previous close of Rs. 616.85. The total number of shares traded during the day was 92687 in over 6749 trades.

The stock hit an intraday high of Rs. 655.00 and intraday low of 614.50. The net turnover during the day was Rs. 58264893.00.

Source : Equity Bulls

Keywords

KECInternational INE389H01022 OrdersWin