KEC International wins New Orders of Rs. 1,005 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,005 crores across its various businesses:

The Transmission & Distribution (T&D) business has secured orders for supply of towers and poles in Americas.

The Railways business has secured orders in conventional/ emerging segments in India:

- Overhead Electrification (OHE) - Order for Overhead Electrification (OHE) and associated works

- Composite - Order for a composite project including track laying, OHE and associated civil works

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

The Civil business has secured an order for construction of depot cum workshop in the urban infra segment 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 traction in orders, amidst global upheavals. With these orders, our YTD order intake has surpassed Rs. 16,000 crores with a robust growth of ~50% vis-à-vis last year. Our Railway business has strengthened its presence with orders in both conventional and emerging segments. The order in Civil has enhanced our order book in the urban infra segment and further diversified our clientele."

Shares of KEC International Limited was last trading in BSE at Rs. 403.20 as compared to the previous close of Rs. 401.00. The total number of shares traded during the day was 25148 in over 1710 trades.

The stock hit an intraday high of Rs. 408.65 and intraday low of 400.00. The net turnover during the day was Rs. 10127488.00.

Source : Equity Bulls

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KECInternational INE389H01022 OrderWin