KEC International wins New Orders of Rs. 1,012 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,012 crores across its various businesses:

The Civil business has secured prestigious orders from new clients in the Data centre and FMCG segments in India:

- Building a Data centre in Western India
- Setting up of manufacturing facility for a global FMCG major in Southern India

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

- 765 kV Transmission line order in India from an existing private client
- Supply of towers, hardware and poles in Americas

The Cables business has secured orders for supply of various types of cables in India and overseas.

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are pleased with the continuous inflow of orders, especially in our T&D and Civil businesses. The civil business continues to diversify its customer base, with the addition of marquee clients. The prestigious order for building a Data centre, reaffirms our confidence in the strong growth of this segment. We are particularly encouraged by the continuous inflow of tower supply orders from the North American market. With the above orders, our YTD order intake stands at a record level of over Rs. 6,500 crores, a strong growth of 11% vis-à-vis last year."

Shares of KEC International Limited was last trading in BSE at Rs. 664.40 as compared to the previous close of Rs. 682.85. The total number of shares traded during the day was 15211 in over 1290 trades.

The stock hit an intraday high of Rs. 684.00 and intraday low of 638.25. The net turnover during the day was Rs. 9999720.00.

Source : Equity Bulls

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KECInternational INE389H01022 OrderWin