KEC International bags Rs 1,047 crore new orders across various business verticals

Infrastructure firm KEC International on Wednesday said it has secured new orders worth Rs 1,047 crore across various business verticals. The company has secured orders worth Rs 669 crore for transmission and distribution projects in India, South Asian Association for Regional Cooperation (SAARC) countries, Middle East and the Americas, KEC […]

Infrastructure firm KEC International on Wednesday said it has secured new orders worth Rs 1,047 crore across various business verticals. The company has secured orders worth Rs 669 crore for transmission and distribution projects in India, South Asian Association for Regional Cooperation (SAARC) countries, Middle East and the Americas, KEC International said in a regulatory filing.

Its civil business has secured orders of Rs 153 crore for defence and residential projects in India.

“The solar business has secured orders worth Rs 104 crore for solar projects in India and Middle East,” it said.

The cables business, has secured orders of Rs 121 crore for various types of cables/cabling projects, it added.

“We are delighted with the new order wins secured across our business verticals amidst the current market scenario.

“The orders in transmission and distribution (T&D) will enable us to further strengthen our portfolio in the international markets. We are particularly encouraged by the second order in the defence segment secured by our civil business,” KEC International Ltd MD and CEO Vimal Kejriwal said.

Shares of the company were trading at Rs 258.35 a piece on BSE in the morning trade, down 0.75 per cent from the previous close.

Source Article

Lois C. Ferrara

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