KEC International wins New Orders of Rs. 1,174 crores in the T&D business

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,174 crores for Transmission & Distribution projects in India and the Middle East:

- ± 800 kV HVDC and 765 kV Transmission lines from a reputed private developer in India

- 380 kV Transmission lines in Saudi Arabia

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are delighted with the continuous success of our T&D business, reflected in a series of significant order wins. The prestigious HVDC transmission line order has significantly increased the share of orders from private developers in our India T&D order intake for the year. The large order in Saudi Arabia has further solidified our leadership in the Middle East T&D market. With the above orders, our YTD order intake stands at ~Rs. 14,000 crore. These orders will play a pivotal role in driving our targeted growth going forward."

Shares of KEC International Limited was last trading in BSE at Rs. 858.25 as compared to the previous close of Rs. 853.95. The total number of shares traded during the day was 23738 in over 1181 trades.

The stock hit an intraday high of Rs. 865.00 and intraday low of 841.90. The net turnover during the day was Rs. 20332350.00.

Source : Equity Bulls

Keywords

KECInternational INE389H01022 OrderWin