KEC International hits new all-time on receiving new orders worth Rs1,140cr

KEC International has received new orders of Rs1,140cr across its various businesses. On Monday, KEC hit a new 52-week high of Rs449.60 per piece in early deals on Sensex. The stock continues to trade near the day's high.

Vimal Kejriwal, MD & CEO, KEC International said, “We are pleased with the recent traction in order wins amidst the global uncertainty. The orders secured in International T&D (along with the orders in the Domestic T&D announced earlier) have significantly enhanced our order book in our core T&D businesses. Our Railway business continues to expand its presence in the emerging areas with its first order in the area of Semi High-Speed Rail. The entry of our Civil business in the Hydrocarbon segment opens up a large opportunity for us in this growing area.”

As per the regulatory filing, here are the details of new orders:

Transmission & Distribution - The business has secured orders of Rs963cr for T&D projects in the Middle East and Africa.

Railways - The business has secured an order of Rs113cr for 2 x 25 kV Overhead Electrification (OHE) and associated works for speed up-gradation in India.

Civil - The business has secured an order of Rs64cr for infra works in the Hydrocarbon segment in India.

At around 2.14 pm, KEC was trading at Rs448.50 per piece up 4.21% on Sensex.