KEC International bags new orders worth Rs937cr across various businesses; Stock jumps 2%

The T&D business has secured orders of Rs 418 crores for transmission line and substation projects in India, Middle East, and the Americas.

Jun 16, 2021 03:06 IST India Infoline News Service

KEC International
KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs937cr across its various businesses.

Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, “We are pleased with the new order wins amidst global upheavals. The substation order in the Middle East along with the transmission line orders secured last year have significantly enhanced our order book in that region. The orders in Railways, further strengthen our leadership in the conventional Railway segment. The order in the Civil business reaffirms our confidence in the strong growth of this business going forward.”

Key highlights of the order are:

Transmission & Distribution (T&D): The business has secured orders of Rs 418 crores for transmission line and substation projects in India, Middle East, and the Americas.

Railways: The business has secured orders of Rs. 294 crores in conventional/ emerging segments in India:
  • Overhead Electrification (OHE) – Orders for Overhead Electrification (OHE) and associated works.
  • Semi High-Speed Rail – Order for 2 x 25 kV Overhead Electrification (OHE) & associated works for speed up-gradation.
Civil: The business has secured an order of Rs 135 crore for infra works in the metals & mining segment in India.

Cables: The business has secured orders of Rs 90 crores for various types of cables in India and overseas.

At around 3.02 PM, KEC International was trading at Rs401.50 per piece up by Rs7.90 or 2.01% on Sensex. 

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