KEC International stock up 1% on bagging order worth Rs1,005 crore

21 Mar 2022 , 02:28 PM

KEC International has secured new orders worth Rs1,005 crore across its various businesses. The company’s Transmission & Distribution business has secured orders for the supply of towers and poles in America. While Railways business has secured an order for Overhead Electrification (OHE) and associated works, a composite project order including track laying, OHE and associated civil works, and, and an order for 2 x 25 kV Overhead Electrification (OHE) & associated works for speed up-gradation (Mission ‘Raftaar’).

KEC’s civil business has secured an order for the construction of a depot cum workshop in the urban infra segment in India.

It has secured orders for various types of cables in India and overseas through its cables business.

“We are pleased with the traction in orders, amidst global upheavals. With these orders, our YTD order intake has surpassed Rs. 16,000 crores with robust growth of ~50% vis-à-vis last year. Our Railway business has strengthened its presence with orders in both conventional and emerging segments. The order in Civil has enhanced our order book in the urban infra segment and further diversified our clientele,” commented Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd.

K E C International Ltd is currently trading at Rs407.65 up by Rs4.45 or 1.1% from its previous closing of Rs403.20 on the BSE. Its scrip has touched an intraday high and low of Rs414 and Rs400 respectively.