KEC International wins Rs 130 Crore Project

KEC International Ltd has announced that the Company has bagged a contract valued at Rs 130.15 crore from Karnataka Power Transmission Company Ltd for design, fabrication, testing, supply, erection and commissioning of a 400 KV D/C Line. The length of the line is 151.15 kms. This is located in Karnataka.

The project, awarded on a turnkey basis, is to be completed in December 2008.

"This is a significant win for us. Coming, as it does, immediately on the back of our largest single value contract worth Rs 380 crore in Kazakhstan and another Rs 176 crore win in the Middle East, is indeed special," said Mr. Ramesh Chandak, Managing Director, of the Company.

The Company's current order book is over Rs 3300 crore.

The stock closed the day at Rs.581.50, up by Rs.20.40 or 3.64%. The stock hit an intraday high of Rs.587.90 and low of Rs.569. The total traded quantity was 31491 compared to 2 week average of 11888.

Source : Equity Bulls

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