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KEC International wins new orders of Rs1,065cr; Stock soars 2%

The business has secured an order for infra works in the Water Pipeline segment in India.

December 03, 2021 2:17 IST | India Infoline News Service
KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs1,065cr across its various businesses:

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

Railways: The business has secured an order for construction of Railway Siding in the conventional segment in India.

Civil: The business has secured an order for infra works in the Water Pipeline segment in India.

Oil & Gas Pipelines: The business has secured an order for laying of oil and gas pipeline, through our wholly owned subsidiary, Spur Infrastructure Pvt. Ltd.

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

Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, “Our order book continues to grow on the backdrop of orders secured across all our business verticals. The continuous orders in T&D have significantly enhanced our order book, especially in the international markets. We are particularly enthused by the order in Railways, which further consolidate our leadership in the conventional Railway segment.

The order in Civil has strengthened our presence in the growing water infra segment. With these orders, our YTD order intake stands at ~Rs11,000cr with a strong growth of 2.5 times vis-à-vis last year. These orders along with the orders announced earlier, reaffirm our confidence in achieving the targeted growth going forward.”

At around 2:19 PM, K E C International was trading at Rs439.50 apiece up by Rs7.75 or 1.8% on the BSE.

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