KEC International Ltd receives new orders worth Rs. 1,491 Crore

KEC International Ltd. a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,491 crore across its businesses.

Transmission & Distribution: The T&D Business has secured turnkey orders of Rs. 1,257 crore across India, SAARC, East Asia Pacific, Middle East, and the Americas:

- Order from PGCIL for diversion works of various transmission lines
- 220 kV cables- Supply and laying order from WBSETCL
- 400 kV transmission line project in Bangladesh
- 220 kV transmission line project in Nepal
- 500 kV transmission line project in Thailand
- 132 kV GIS substation project in Dubai
- SAE Towers has received an EPC order of 500 kV transmission line in Brazil and other orders in the Americas

Cables: The Cables Business has secu red orders of Rs. 120 crore for various types of Cables.

Railways: The Railway Business has secured an order of Rs. 114 crore for Overhead Electrification works and associated civil works in Eastern India.

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are delighted with the new order wins especially in the international markets in our core T&D business. The substation order in Dubai along with the earlier transmission line order will help in strengthening our position in the Middle East market. The order wins in SAARC and Brazil reaffirm our faith, in these regions being major growth drivers for us."

Shares of KEC INTERNATIONAL LTD. was last trading in BSE at Rs.302.15 as compared to the previous close of Rs. 300.6. The total number of shares traded during the day was 25260 in over 808 trades.

The stock hit an intraday high of Rs. 306.3 and intraday low of 298.1. The net turnover during the day was Rs. 7643149.

Source : Equity Bulls

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