KEC International wins New Orders of Rs. 1,294 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,294 crores across its various businesses:

The Transmission & Distribution (T&D) business has secured a large order for supply of towers in Americas, secured by our Brazilian subsidiary, SAE Towers.

The Railways business has secured two orders for Ballastless Track works (BLT) from Chennai Metro and Mumbai Metro in the technologically enabled 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 continuous order wins across businesses. The order in Americas is one of our largest tower supply orders, which significantly enhances our international T&D order book. This order also reaffirms our confidence of a revival in the performance of our Brazilian subsidiary in the upcoming quarters. We are also enthused by the orders in Railway business, which has further strengthened its presence in the tech-enabled areas of Metro Rail. With these orders, our YTD order intake stands at ~Rs. 11,800 crores, a robust growth of ~20% vis-à-vis last year."

Shares of KEC International Limited was last trading in BSE at Rs. 438.95 as compared to the previous close of Rs. 429.90. The total number of shares traded during the day was 49821 in over 2342 trades.

The stock hit an intraday high of Rs. 454.00 and intraday low of 423.10. The net turnover during the day was Rs. 22040931.00.

Source : Equity Bulls

Keywords

KECInternational INE389H01022 OrderWin RPGGroup