Stock Report

KEC International wins New Orders of Rs. 1,313 crores

Posted On : 2022-08-16 11:31:39( TIMEZONE : IST )

KEC International wins New Orders of Rs. 1,313 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,313 crores across its various businesses:

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

- 400 kV Transmission line order in India, from Power Grid Corporation of India Limited (PGCIL)
- Supply of towers in Middle East, secured by our subsidiary in UAE
- Supply of towers, hardware and poles in Americas, secured by our subsidiary, SAE Towers

The Railways business has secured a composite order for construction of a third railway line and associated works in the Conventional segment in India.

The Civil business has secured an order for executing infra works in the Metals & Mining segment in India.

The Oil & Gas Pipelines business has secured an order for composite works for an oil terminal station 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 new order wins secured across our business verticals. The orders in T&D have enhanced our order book, especially the second order from PGCIL in quick succession has strengthened our domestic T&D business. We are particularly enthused by the order in Railways, which consolidates our leadership in the conventional Railway segment. The industrial order in Civil along with the orders announced earlier during the year, reflect an uptick in the private capex specifically in the metals & mining sector. The prestigious order in the Oil & Gas Pipeline business reaffirms our confidence that this business will become a significant part of KEC's overall business portfolio in the coming years."

Shares of KEC International Limited was last trading in BSE at Rs. 395.75 as compared to the previous close of Rs. 392.35. The total number of shares traded during the day was 16851 in over 832 trades.

The stock hit an intraday high of Rs. 398.00 and intraday low of 386.55. The net turnover during the day was Rs. 6615367.00.

Source : Equity Bulls


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