KEC International clinches order worth Rs 1,373 crore; stock zooms ~4%

14 Jun 2023 , 09:57 AM

KEC International Ltd., a major global infrastructure engineering, procurement, and construction (EPC) company that belongs to the RPG Group, has successfully secured new contracts worth Rs 1,373 crore across its diverse range of business operations.

Following this development, the company’s stock hit a 52-week high of Rs 586.10.

At around 9.54 AM, KEC International was trading 4.09% higher at Rs 574.70, against the previous close of Rs 552.10 on NSE.

The company’s Railways business has secured contracts in both technologically advanced and conventional/emerging segments. It has secured orders for Signaling & Telecommunication for Automatic Block Signaling (ABS) system.

Further, it has bagged semi high-speed rail orders for 2 X 25 kV for the implementation of Overhead Electrification (OHE) systems and related works to upgrade the speed capabilities of rail infrastructure.

The civil business of the company has received orders in residential and commercial building segments in India.

The company has successfully obtained orders for transmission and distribution (T&D) projects in both India and the Americas. These include a 400 kV transmission line order in India, as well as the supply of towers in both India and the United States of America. Additionally, their subsidiary, SAE Towers, has secured orders for the supply of towers, hardware, and poles in the Americas.

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