KEC International wins new orders of Rs1,233 crore; Stock surges over 2%

28 Jul 2022 , 02:08 PM

KEC International Ltd, a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs1,233 crores across its various businesses:

Transmission & Distribution (T&D):

• The business has secured various orders for T&D projects in India, Middle East and Americas:
• From Power Grid Corporation of India Limited (PGCIL), 765 kV Digital GIS Substation order in India
• Supply of towers in Middle East  has been secured by company’s subsidiary in UAE 
• Supply of towers, hardware and poles in Americas, secured by company’s subsidiary, SAE Towers

Civil:

The business has bagged orders for infra works in the Paints and Metals & Mining segments in India.

Oil & Gas Pipelines:

The business has bagged an order for laying of cross-country pipeline and associated works in India.

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

Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, “The company is honored with the new orders especially from PGCIL.

Our Civil business continues to thrive and diversify its presence in the industrial segment with the addition of a very reputed client.”

At around 2:10 PM, K E C International was trading at Rs469.60 per share up by Rs9.95 or 2.16% from its previous closing of Rs459.65 per share on the BSE.