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KEC International wins New Orders of Rs. 1,323 crore

Posted On: 2019-03-12 11:40:56

KEC International Ltd. a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,323 crore across its various businesses.

Transmission & Distribution: The T&D business has secured turnkey orders of Rs. 287 crore across India, UAE and the Americas:

- Extension of 765 kV GIS substation order from PGCIL
- 132 kV GIS substation order in UAE
- Various orders received by SAE Towers in the Americas

Railways: The Railway business has secured orders for composite and overhead electrification works aggregating toRs. 644 crore in India.

Civil: The Civil business has secured fresh and change orders for civil and construction works aggregating to Rs. 91 crore from leading automobile companies.

Smart Infra: The Smart Infra business has secured two orders as Master Service Integrator for Smart City ICT Components aggregating toRs. 233 crore for one brownfield and one greenfield smart city.

Cables: The Cables business has secured orders of Rs. 68 crore for various types of Cables/ Cabling works.

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are delighted with the new order wins especially in our Railways and Smart Infra businesses. The second substation order in UAE strengthens our substation portfolio in the Middle East market. The order wins in Railways help us to further consolidate our order book and establish leadership in this sector. We are particularly enthused by the orders secured by our Smart Infra business in the core Smart City segment. These order wins give us confidence that Smart Infra business can become a significant part of KEC's overall business portfolio going forward."

Shares of KEC INTERNATIONAL LTD. was last trading in BSE at Rs.272.7 as compared to the previous close of Rs. 266.1. The total number of shares traded during the day was 22214 in over 593 trades.

The stock hit an intraday high of Rs. 273.5 and intraday low of 266.4. The net turnover during the day was Rs. 6029161.


Source: Equity Bulls

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