KEC International wins new orders of Rs. 1,140 crore

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,140 crore across its various businesses:

The Transmission & Distribution business has secured orders of Rs. 963 crore for T&D projects in Middle East and Africa.

The Railways business has secured an order of Rs. 113 crore for 2 x 25 kV Overhead Electrification (OHE) and associated works for speed upgradation in India.

The Civil business has secured an order of Rs. 64 crore for infra works in the Hydrocarbon segment in India.

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are pleased with the recent traction in order wins amidst the global uncertainty. The orders secured in International T&D (along with the orders in the Domestic T&D announced earlier) have significantly enhanced our order book in our core T&D businesses. Our Railway business continues to expand its presence in the emerging areas with its first order in the area of Semi High-Speed Rail. The entry of our Civil business in the Hydrocarbon segment opens up a large opportunity for us in this growing area."

Shares of KEC INTERNATIONAL LTD. was last trading in BSE at Rs.430.4 as compared to the previous close of Rs. 430.45. The total number of shares traded during the day was 11767 in over 397 trades.

The stock hit an intraday high of Rs. 437.5 and intraday low of 425.1. The net turnover during the day was Rs. 5081882.

Source : Equity Bulls

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