KEC International wins orders worth Rs. 1,943 crore
KEC International Ltd. (KEC), a global infrastructure EPC major, an RPG Group Company has secured new orders of Rs.1,943 crore .
The Transmission & Distribution Business has secured orders of Rs. 1,408 crore.
International: Secured orders of Rs. 1,224 crore.
Africa:Turnkey orders for construction of 225 kV Transmission Lines and 225/ 30 kV Substations in Senegal.
Middle East: Turnkey orders for construction of 400 kV Overhead Transmission Lines in Jordan.
The Americas: Supply and EPC orders across the Americas.
Domestic: Secured orders of Rs.184 crore. Two orders aggregating Rs. 184 crore from PGCIL for construction of 400/220 kV Transmission Lines in Chandigarh and Kerala.
The Cables Business has secured various supply / EHV Cabling orders of Rs.85 crore.
The Solar Business has secured orders of Rs.450 crore. An EPC order for 100 MW of ground mount solar power project. EPC orders for roof top solar power projects.
Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd commented, “With the addition of Senegal, we have further expanded our footprint in the growing African Market. Our Middle East portfolio diversification has strengthened further with the new orders in Jordan. We are experiencing a remarkable pick up in momentum in the Americas. These orders reinforce our belief in a significant turnaround in the International Markets. The large order win in Solar will significantly scale up our solar business portfolio. The above wins combined with our robust L1 pipeline, positions us very well for the year ahead.”
Shares of KEC INTERNATIONAL LTD. was last trading in BSE at Rs.169.55 as compared to the previous close of Rs. 162.2. The total number of shares traded during the day was 324596 in over 4315 trades.
The stock hit an intraday high of Rs. 174.35 and intraday low of 163.2. The net turnover during the day was Rs. 54976751.
Source:equitybulls
