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KEC International wins New Orders of Rs. 2,255 crore

Posted On: 2019-11-13 21:06:24

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 2,255 crore across its various businesses:

Transmission & Distribution: The business has secured orders of Rs. 885 crore for T&D projects in India:

- 400 kV Transmission line and substation orders from a Power Grid Corporation of India (PGCIL) entity under Tariff Based Competitive Bidding (TBCB) route

- 765 kV Transmission line project from Tamil Nadu Transmission Corporation Limited (TANTRANSCO)

- 220 kV GIS Substation project along with associated overhead lines and cable works from Karnataka Power Transmission Corporation Limited (KPTCL)

Urban Transport: The business has secured an order of Rs. 853 crore for the construction of elevated viaduct along with 10 stations of the Delhi Metro Phase IV project, from Delhi Metro Rail Corporation (DMRC).

Railways: The business has secured an order of Rs. 517 crore for the construction of roadbeds, major and minor bridges and associated civil works, from Rail Vikas Nigam Limited (RVNL) in India.

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are delighted with the prestigious order win from DMRC. This order along with the orders announced earlier, widens our presence in the urban transport sector. The order wins from PGCIL and the state power utilities, further strengthens our position in the domestic T&D market."

Shares of KEC INTERNATIONAL LTD. was last trading in BSE at Rs.277.7 as compared to the previous close of Rs. 273.95. The total number of shares traded during the day was 27653 in over 950 trades.

The stock hit an intraday high of Rs. 280 and intraday low of 268.55. The net turnover during the day was Rs. 7609880.


Source: Equity Bulls

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