KEC International wins New Orders of Rs. 1,034 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,034 crores across various businesses:

Transmission & Distribution (T&D):

- STATCOM project from a global OEM in India
- Supply of towers, hardware and poles in the Americas

Civil:

- Establishing a Semiconductor plant for a prominent private player in India
- Executing an upstream project for a leading steel player in India

Cables:

- Supply of various types of cables across India

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are pleased to begin the financial year with prestigious order wins in emerging and high-growth segments. The Civil business has marked its entry into the promising semiconductor segment with a significant order from a new client and further strengthened its order book in the metals & mining segment with a repeat order for an upstream project in a steel plant. Our T&D business has achieved a major milestone by securing its first ever order in the STATCOM segment, representing a strategic advancement in the substation value chain. These strategic orders reinforce our confidence in achieving the targeted order intake for the year and reflect our continued progress in deepening and solidifying our business portfolio."

Shares of KEC International Limited was last trading in BSE at Rs. 730.40 as compared to the previous close of Rs. 694.65. The total number of shares traded during the day was 26242 in over 962 trades.

The stock hit an intraday high of Rs. 733.00 and intraday low of 709.85. The net turnover during the day was Rs. 19076674.00.

Source : Equity Bulls

Keywords

KECInternational INE389H01022 OrderWin