KEC International stock hits fresh high on securing new orders worth Rs1,829cr

In civil business, the company secured the largest order worth Rs 935 crores for infra works in the water pipelines and industrial segments in India.

Oct 22, 2021 12:10 IST India Infoline News Service

KEC International
KEC International stock hits a new all-time high on Friday after the company secured new ordeRsof Rs1,829cr across its various businesses.

Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, “We are pleased with the continuous order inflows, especially in International T&D and Civil businesses. Our YTD order intake has now surpassed Rs7,000cr, with robust growth of ~70% vis-à-vis last year."

The details of the new ordeRsare:

1. Transmission & Distribution (T&D): The business has secured ordeRsof Rs656cr for T&D projects in Europe and the Americas.

2. Railways: The business has secured ordeRsof Rs144cr in the technologically enabled/ emerging metro segments in India.

3. Civil: The business has secured ordeRsof Rs935cr for infra works in the water pipelines and industrial segments in India.

4. Cables: The business has secured ordeRsof Rs94cr for various types of cables in India and overseas.

Kejriwal added, "We have widened our international footprint with the first T&D EPC order in Europe. The ordeRsin the Americas, secured by our subsidiary SAE Towers, demonstrate a revival in the North American market. Our Railway business has expanded its order book in the technologically enabled areas of metros. The ordeRsin Civil have strengthened our presence in the water pipelines & industrial segments and further diversified our clientele.”

At around 12.50 pm, KEC is trading at Rs495.10 per piece up 6.6% on Sensex. The stock has touched a new 52-week high of Rs522.05 per piece earlier today. 

Related Story

Open Free Demat Account (Rs699)
Open ZERO Brokerage Demat Account

  • 0

    Delivery Brokerage for Lifetime

  • 20

    Per order for Intraday, F&O, Currency & Commodity