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KEC International secures orders of Rs. 845 crore in the Railway Infrastructure sector

Posted On: 2019-08-19 18:50:10

KEC International Ltd. a global infrastructure EPC major, an RPG Group Company, has secured its first orders of Rs. 845 crore in the emerging Regional Rapid Transit System (RRTS) and Metro sectors in India:

Regional Rapid Transit System (RRTS): Order for construction of elevated viaduct and stations of the Delhi - Meerut Regional Rapid Transit System (RRTS) corridor, from National Capital Region Transport Corporation (NCRTC) of Rs. 580 crore.

Metro: Order for construction of viaduct along with stations for the Phase 1 extension of Kochi metro rail project, from Kochi Metro Rail Limited (KMRL) of Rs. 265 crore.

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are delighted with the order wins in the RRTS and Metro sectors, which are in line with our strategy for expanding our Railway presence. These orders mark our entry into the urban transport sector and further expands our client portfolio. This foray will also help us in building a robust executable order book, thus enabling us to scale up the business and achieve the desired growth plans."

Shares of KEC INTERNATIONAL LTD. was last trading in BSE at Rs.294.7 as compared to the previous close of Rs. 289.3. The total number of shares traded during the day was 19378 in over 678 trades.

The stock hit an intraday high of Rs. 299 and intraday low of 286.4. The net turnover during the day was Rs. 5700265.


Source: Equity Bulls

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