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KEC International wins New Orders of Rs. 1,407 crores

Posted On : 2022-10-03 22:22:54( TIMEZONE : IST )

KEC International wins New Orders of Rs. 1,407 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,407 crores:

The Transmission & Distribution (T&D) business has secured orders for T&D projects in Middle East:

- 400 kV Transmission lines, part of the Kuwait - Saudi Arabia interconnection project

- 380 kV Transmission line in Saudi Arabia

The Civil business has secured an order for the construction of official quarters and associated facilities for senior Government officials in India.

The Railways business has secured an order for Signaling & Telecommunication works of Train Collision Avoidance System (TCAS) under 'Kavach' in consortium 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 across businesses. Our YTD order intake now stands at ~Rs. 8,400 crores, with a robust growth of ~50% vis-à-vis last year. The orders in Middle East consolidate our presence in the region and significantly expand our T&D order book, particularly in the international market. The large order in Civil has enhanced our presence in the growing public spaces segment and further diversified our clientele. We are also enthused by the second Railway order in the TCAS segment under 'Kavach,' which aims to enhance safety of Indian Railways with world class technology. These orders along with the orders announced earlier, reaffirm our confidence in achieving the targeted growth going forward."

Source : Equity Bulls


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