Stock Report

KEC International wins New Orders of Rs. 1,131 crores

Posted On : 2023-01-31 13:10:48( TIMEZONE : IST )

KEC International wins New Orders of Rs. 1,131 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,131 crores across its various businesses:

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

- Composite package including 220 kV & 132 kV GIS & AIS Substation, Transmission line and Underground Cabling
- 330 kV Electrical Transformer Station project in Africa
- Supply of towers in the United States of America
- Large tower supply order in Mexico, secured by our subsidiary, SAE Towers

The Civil business has secured orders for executing infra works in the Metals & Mining and Pharma 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 new order wins, especially the consistent inflow of orders in T&D business. The orders in T&D have enhanced our order book in both domestic and international markets. With the orders in Americas, including the large tower supply order in Mexico, we are witnessing an uptick in the North American market. Our Civil business continues to strengthen and diversify its presence in the industrial segment. With these orders, our YTD order intake stands at over Rs. 15,500 crores, a growth of ~10% vis-à-vis last year."

Shares of KEC International Limited was last trading in BSE at Rs. 459.25 as compared to the previous close of Rs. 464.65. The total number of shares traded during the day was 19090 in over 1850 trades.

The stock hit an intraday high of Rs. 468.65 and intraday low of 456.25. The net turnover during the day was Rs. 8816351.00.

Source : Equity Bulls


KECInternational INE389H01022 OrderWin