KEC International wins New Orders of Rs. 1,402 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,402 crores across various businesses:

The Transmission & Distribution (T&D) business has secured orders for T&D projects:

- 765 kV Transmission line from a marquee private player in India
- Supply of towers and hardware and poles in the Americas

The Civil business has secured a repeat order for a high-rise residential project from a renowned real estate developer in Northern India.

The Cables & Conductors business has secured orders for supply of various types of cables and conductors in India and the overseas market.

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are pleased with the order wins across our businesses. In the India T&D business, we have expanded our customer base by securing a prestigious order from a reputed private player. We are also encouraged by the repeat order secured from a leading private developer in the Buildings & Factories (B&F) segment in India. With these additions, our YTD order intake has surpassed Rs. 8,400 crores. These orders, along with the orders announced earlier during the year, will substantially contribute towards our targeted growth going forward."

Shares of KEC International Limited was last trading in BSE at Rs. 778.05 as compared to the previous close of Rs. 793.30. The total number of shares traded during the day was 34693 in over 1955 trades.

The stock hit an intraday high of Rs. 805.00 and intraday low of 775.00. The net turnover during the day was Rs. 27176352.00.

Source : Equity Bulls

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