KEC International Bags New Orders; Stock Edges Lower


KEC International: At 12:20 pm, the shares were trading lower by 0.36 per cent on BSE

KEC International, an RPG Group company, has bagged new orders worth Rs 1,245 crore across its various businesses, including transmission and distribution (T&D), civil works and cable businesses. The shares of KEC International however edged lower in a flat market; at 12:20 pm, the shares were trading at Rs 415, lower by 0.36 per cent, on the BSE.

KEC International’s transmission and distribution business has secured orders of Rs 629 crore for T&D projects in India, SAARC, Middle East, Africa and the Americas. The Railways business has received orders of Rs 446 crore in technologically enabled/ conventional segments in India, orders for third rail and overhead electrification. The civil business has secured orders worth Rs 107 crore for infra works in the defence and industrial segments in India. And the cables business has bagged orders of Rs 63 crore for various types of cables in India and overseas.

Vimal Kejriwal, MD & CEO, KEC International said, “We are pleased with the new order wins secured across our business verticals. With these orders, our total order inflow for FY21 stands at Rs 11,876 crores with a YOY growth of 5 per cent despite the challenging environment.”

KEC International is a global infrastructure engineering, procurement and construction (EPC) major, with a presence in over 30 countries.

Source link