KEC International wins New Orders of Rs. 1,079 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,079 crores in Transmission & Distribution (T&D) and Cables businesses.

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

- 765 kV/ 400 kV Transmission lines order from a reputed private developer in India
- 230/132 kV Transmission line orders in Saudi Arabia and Oman
- Upgradation of an existing 400 kV Transmission Line in the United Arab Emirates (UAE)
- 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, particularly in our T&D business. The prestigious order in India T&D from a private developer has enhanced our presence in the India T&D market and further diversified our clientele. The significant orders across Saudi Arabia, Oman and the UAE have substantially expanded our International T&D order book in the Middle East. With these orders, our YTD order intake has surpassed Rs 8,700 crores, reflecting an impressive growth of ~60% compared to last year."

Shares of KEC International Limited was last trading in BSE at Rs. 840.00 as compared to the previous close of Rs. 828.50. The total number of shares traded during the day was 6605 in over 647 trades.

The stock hit an intraday high of Rs. 844.35 and intraday low of 822.55. The net turnover during the day was Rs. 5527136.00.

Source : Equity Bulls

Keywords

KECInternational INE389H01022 OrderWin Transmission Distribution Cables