KEC International wins New T&D Orders of Rs. 1,476 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,476 crores for Transmission & Distribution projects in India, the Middle East, Africa and the Americas:

- 380 kV Transmission lines, Substations and EHV Cabling (Composite order) in Saudi Arabia
- 132 kV Transmission lines in Africa
- Supply of towers in India and the Americas
- Supply of hardware and poles in the Americas

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are pleased with the new order wins in our T&D business across multiple geographies. The award of our largest composite order in Saudi Arabia despite the current geopolitical situation is a positive indicator of continuing investments in the Middle East T&D market. The order in Africa reflects a gradual recovery in the T&D market in that region. These wins have significantly strengthened our international T&D order book. With these orders, our year-to-date order intake now stands at ~Rs. 22,800 crore."

Shares of KEC International Limited was last trading in BSE at Rs. 547.80 as compared to the previous close of Rs. 537.20. The total number of shares traded during the day was 29776 in over 1016 trades.

The stock hit an intraday high of Rs. 557.05 and intraday low of 539.30. The net turnover during the day was Rs. 16385918.00.

Source : Equity Bulls

Keywords

KECInternational INE389H01022 OrderWin