KEC International wins New Orders of Rs. 2,211 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 2,211 crores across various businesses:

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

- Design, Supply & Installation of 380 kV Overhead Transmission Lines in the Kingdom of Saudi Arabia (KSA)

- Supply of towers, hardware and poles in the Americas


The Oil & Gas Pipelines business has secured its second international order for terminal station works in Africa in addition to its ongoing pipeline laying project in the region

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 delighted by the order wins secured across businesses, especially on the international front. The large order wins in Saudi Arabia have further strengthened our international T&D order book. These wins reaffirm the MENA region's strategic importance as a key growth driver for us. Our subsidiary, SAE Towers has secured a significant tower supply order in Mexico, reflecting an uptick in the North American T&D market. With these orders, our YTD order intake stands at over Rs. 4,200 crores, a robust growth of ~40% vis-à-vis last year."

Shares of KEC International Limited was last trading in BSE at Rs. 871.80 as compared to the previous close of Rs. 880.45. The total number of shares traded during the day was 48333 in over 2170 trades.

The stock hit an intraday high of Rs. 899.00 and intraday low of 866.00. The net turnover during the day was Rs. 42675354.00.

Source : Equity Bulls

Keywords

KECInternational INE389H01022 OrderWin