KEC International wins New Orders of Rs. 1,429 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,429 crores across its various businesses:

The Transmission & Distribution (T&D) business has secured orders of Rs. 701 crores for T&D projects from Power Grid Corporation of India Ltd. (PGCIL) and other customers in India, East Asia Pacific and the Americas.

The Railways business has secured orders of Rs. 366 crores in the emerging segments in India:

- Semi High-Speed Rail - Order for 2 x 25 kV Overhead Electrification (OHE) & associated works for speed upgradation

- Tunnel Ventilation - Order for tunnel ventilation system and associated works

The Civil business has secured orders of Rs. 318 crores from reputed private players for infra works in the cement, residential and metals & mining segments in India.

The Cables business has secured orders of Rs. 44 crores for various types of cables in India and overseas.

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "Our order book continues to grow with orders secured across all our business verticals despite the global headwinds. We are delighted with the additional orders from PGCIL in the Green Energy Corridor under the Tariff Based Competitive Bidding (TBCB) route. Our Railway business continues to strengthen its presence in the emerging segments with orders in Semi High-Speed Rail and Tunnel Ventilation. With the above orders, our current year order inflows have exceeded Rs. 11,000 crores. These orders along with the orders announced earlier during the year, reaffirm our confidence in achieving the targeted growth going forward."

Shares of KEC INTERNATIONAL LTD. was last trading in BSE at Rs.429 as compared to the previous close of Rs. 448.35. The total number of shares traded during the day was 9508 in over 720 trades.

The stock hit an intraday high of Rs. 448.35 and intraday low of 422.8. The net turnover during the day was Rs. 4146896.

Source : Equity Bulls

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