KEC International wins New Orders of Rs. 2,518 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 2,518 crores across various businesses:

The Civil business has secured its largest-ever Commercial Real Estate order from a leading real estate developer in Western India.

The Transportation business has secured an order in JV in the prestigious Train Collision Avoidance System (TCAS) segment under 'Kavach' in India.

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

- 400/132/66 kV Transmission lines in Africa
- Additional orders for Transmission lines and Substations in international markets
- Supply of towers in Europe and the Americas
- Supply of hardware and poles in the Americas

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 delighted with the order wins across our businesses. The Civil business has secured its largest ever commercial real estate order, marking a significant milestone and adding a marquee client to our portfolio. Our Transportation business continues to strengthen its presence in the growing TCAS (Kavach) segment, contributing to enhanced safety for Indian Railways through world-class technology. Our international T&D order book continues to diversify across geographies. The successive order wins in Africa reflect a recovery in the T&D market in that region."

Shares of KEC International Limited was last trading in BSE at Rs. 567.95 as compared to the previous close of Rs. 531.55. The total number of shares traded during the day was 1362285 in over 6132 trades.

The stock hit an intraday high of Rs. 576.00 and intraday low of 554.25. The net turnover during the day was Rs. 760771120.00.

Source : Equity Bulls

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KECInternational INE389H01022 OrdersWin