KEC International secures new orders worth Rs1,108 crore; stock climbs ~3%

14 Sep 2022 , 09:28 AM

KEC International Ltd., an RPG Group Company, has received fresh orders totalling Rs1,108 crore across its different businesses.

The company has received a 400 kV Transmission line order from Power Grid Corporation of India Limited, 132 kV Underground cabling order from a state utility, 220 kV Transmission line and tower supply orders in the Middle East, secured through its UAE subsidiary, and 330 kV Transmission line order in Africa, for its Transmission & Distribution business.

It has secured orders in the technologically enabled and conventional/ emerging segments in India for Overhead Electrification (OHE) for Metro, Auxiliary power supply, SCADA system and associated works, a composite order for doubling of tracks and associated civil works, and a train collision avoidance system order.

Further, another order involves the laying of cross-country pipelines and associated works in India.

At around 9.32 AM, KEC International was trading at Rs441.35 up by 2.79% from its previous closing of Rs429.35 on the BSE. The scrip opened at Rs435 and touched intraday high and low of Rs450 and Rs435 respectively.

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