Stock Report

KEC International wins New Orders of Rs. 1,112 crores



Posted On : 2022-01-17 13:34:02( TIMEZONE : IST )

KEC International wins New Orders of Rs. 1,112 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,112 crores across its various businesses:

The Transmission & Distribution (T&D) business has secured orders for T&D projects in CIS, Middle East, and Americas.

The Civil business has secured orders for infra works in the Water Pipeline and Urban Infra segments in India.

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

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are pleased with the continuous order inflows, especially in International T&D and Civil businesses. The order in CIS has reinforced our presence in that region and further enhanced our International T&D order book. Our Civil business continues to strengthen its presence in the growing segments of Water Pipelines and Urban Infra. With the above orders, our current year order inflows have exceeded Rs. 14,000 crores, a robust growth of over two times vis-à-vis last year. 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 Limited was last trading in BSE at Rs. 510.55 as compared to the previous close of Rs. 520.45. The total number of shares traded during the day was 39337 in over 2661 trades.

The stock hit an intraday high of Rs. 523.90 and intraday low of 503.85. The net turnover during the day was Rs. 20276520.00.

Source : Equity Bulls

Keywords

KECInternational INE389H01022 OrderWin