KEC International wins new orders of Rs1,157cr; stock trades higher

The company's T&D business has secured orders of Rs663cr for projects in the Middle East, Africa, and the Americas.

Sep 22, 2021 11:09 IST India Infoline News Service

KEC International
KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs1,157cr across its various businesses.

Transmission & Distribution (T&D):
The business has secured orders of Rs663cr for projects in the Middle East, Africa, and the Americas.

Railways:

The business has secured orders of Rs220cr for 2 x 25 kV Overhead Electrification (OHE) and associated works for speed upgradation in India.

Civil:

The business has secured an order of Rs173cr for the construction of a new airport terminal building and associated works in South India.

Cables:

The business has secured orders of Rs101cr for various types of cables in India and overseas.

The stock is currently trading at Rs457.55 up by Rs2.6 or 0.57% from its previous closing of Rs454.95 on the BSE. The scrip opened at Rs469.70 and has touched a high and low of Rs474.75 and Rs455.40 respectively.

Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, “We are pleased with the new orders secured across our business verticals. The orders in T&D, especially in the Middle East region will enable us to further strengthen our presence in the international markets.”

“Our Railway order book continues to grow in emerging/new areas with orders in the Semi High-Speed Rail under mission ‘Raftaar.’ We are particularly enthused with our first order in the Airports vertical which marks our entry in the growing public spaces segment,” Vimal Kejriwal said.

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