Shares of KEC International Ltd rallied 7% and hit a 52-week high of Rs 1,094.70 on Thursday 28 November after the company announced securing new orders worth Rs 1,704 crore through its Transmission & Distribution (T&D) business.
In its regulatory filing, the company said that they have secured orders in its T&D business for the design, supply, and installation of 765 kV transmission lines and GIS Substations from Power Grid Corporation of India Limited (PGCIL).
In an exchange filing, the company said, “KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured prestigious turnkey orders of Rs 1,704 crore in its Transmission & Distribution (T&D) business for Design, Supply and Installation of 765 kV Transmission Lines and GIS Substations from Power Grid Corporation of India Limited (PGCIL).”
Vimal Kejriwal, MD & CEO of KEC International said, “We are delighted with the continuous inflow of orders, especially in our T&D business. These 765 kV orders from PGCIL have further strengthened our India T&D order book, reaffirming our confidence in the continued strong growth of this business.”
Including these orders, the year-to-date (Y-T-D) order intake now stands at Rs 16,300 crore, reflecting a growth of over 60 per cent compared to last year, the company said.
KEC International is a global player in infrastructure Engineering, Procurement, and Construction (EPC). The company operates across various sectors including Power Transmission and Distribution, Railways, Civil Engineering, Urban Infrastructure, Solar Energy, Oil & Gas Pipelines, and Cables. As a flagship entity of the RPG Group, KEC International maintains a robust global presence.
The organization has a presence in more than 110 countries and is actively working on infrastructure projects in more than 30 of them.
Its businesses cover EPC services, tower supply, and cable supply, demonstrating its wide range of competencies and global presence in the infrastructure industry.
At 11:52 am, the shares of KEC International were trading 4.03% higher at Rs 1,064.30 on NSE.
Discover the next big investment! Unicorn Signals’ IPO screener helps you identify promising initial public offerings. Download Unicorn Signals and get ahead of the curve! Sign Up Now & Find Your Next IPO Gem!