Transmission & Distribution (T&D):
The business has secured orders of Rs663cr for projects in the Middle East, Africa, and the Americas.
The business has secured orders of Rs220cr for 2 x 25 kV Overhead Electrification (OHE) and associated works for speed upgradation in India.
The business has secured an order of Rs173cr for the construction of a new airport terminal building and associated works in South India.
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.