KEC International wins New Orders of Rs. 1,002 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,002 crores across various businesses:

The Transmission & Distribution (T&D) business has secured orders for T&D projects across India and the Americas:

- ± 500 kV HVDC Transmission lines from a reputed private developer in Western India
- 132 kV Cabling works from a reputed steel producer in Eastern India
- Supply of towers, hardware and poles in the Americas

The Renewables business has secured an order for a 100+ MW Wind project in Southern India from a renowned private developer.

The Transportation business has secured two orders in the technologically enabled Automatic Block Signaling (ABS) segment in Southern India.

The Cables & Conductors business has secured various orders in India and the overseas market.

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are pleased with the new order wins across businesses. The prestigious HVDC order has further strengthened our India T&D order book, especially in the HVDC space. Our renewables business has expanded its presence in the Wind Energy segment with a repeat order from an existing customer. The Transportation business has reinforced its position in the technology enabled ABS segment with these orders."

Shares of KEC International Limited was last trading in BSE at Rs. 570.00 as compared to the previous close of Rs. 579.50. The total number of shares traded during the day was 67858 in over 2807 trades.

The stock hit an intraday high of Rs. 582.70 and intraday low of 565.00. The net turnover during the day was Rs. 38824133.00.

Source : Equity Bulls

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KECInternational INE389H01022 OrdersWin