KEC International wins New Orders of Rs. 1,180 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,180 crores across various businesses:

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

- 400 kV transmission line project in Western India to power a Data Centre
- Supply of transmission line towers in the Middle East
- Supply of towers, hardware, and poles in the Americas

The Renewables business has secured an order for a 200+ MW Solar PV project in Western India from an existing client - a renowned private developer.

The Civil business has secured an order for additional civil and structural works for a 150 MW thermal power plant from a prominent private player in Eastern 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 T&D business has secured its first transmission line order for evacuation of power to a Data Centre from a reputed private developer. This order marks an important milestone for the T&D business in supporting the power infrastructure needs of the growing Data Centre segment. We have bolstered our Tower Supply business with a significant order from the Middle East. Our Renewables business continues to strengthen relations with existing clients as reflected in the award of the large solar project. With these orders, our YTD order intake stands at over Rs. 5,200 crores."

Shares of KEC International Limited was last trading in BSE at Rs. 489.90 as compared to the previous close of Rs. 495.90. The total number of shares traded during the day was 51727 in over 1601 trades.

The stock hit an intraday high of Rs. 495.25 and intraday low of 488.50. The net turnover during the day was Rs. 25391003.00.

Source : Equity Bulls

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KECInternational INE389H01022 OrdersWin