KEC International wins new orders of Rs1,147 crore; Stock surges ~3%

17 May 2022 , 09:17 AM

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs1,147 crore across its various businesses:

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

Railways: The business has secured orders in the technologically enabled/ conventional segments in India:

Overhead Electrification (OHE) for Metro — Order for Overhead Electrification (OHE), Auxiliary substations, SCADA system and associated works for elevated and underground metro stations

Conventional Overhead Electrification (OHE) — Order for Overhead Electrification (OHE) and associated works

Semi High-Speed Rail — Order for 2 x 25 kV Overhead Electrification (OHE) & associated works for speed upgradation (Mission ‘Raftaar’)

Civil: The business has secured orders in the residential, hydrocarbon and data centre segments in India

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

Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, “We are pleased with the new order wins secured across our business verticals at the start of its financial year. With the cabling order in Middle East, we have reinforced our presence in the international cabling solutions segment.

Our Railway business has enhanced its order book in both conventional and new segments. We are witnessing a gradual uptick in the Railways order intake. The diverse orders in the Civil business, further strengthen our portfolio diversification and reaffirm our confidence in the continued strong growth of this business going forward.”

At around 9:17 AM, KEC International was trading at Rs380.50 per piece higher by 1.81% on the BSE.