KEC International secures orders worth Rs. 2,419 crore
KEC International, an RPG Group Company, has bagged new orders totalling Rs. 2,419 crore. The turnkey order includes construction of GIS substations in Tamil Nadu, Karnataka and Bihar.
These orders comprise of Rs. 1,650 crore for Transmission and Distribution business. The turnkey orders are worth Rs. 1,346 crore and include constructions across India and SAARC region. SAE Towers has received various orders worth Rs. 304 crore from America. While the company's Railway Business has secured composite and overhead electrification orders aggregating to Rs. 769 crore across India.
The company expects order wins in SAARC and America, which will become major growth drivers going forward. With this order win, company’s total order intake for FY18 has crossed Rs. 15,000 crore.
KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major. It has presence in the verticals of Power Transmission and Distribution, Cables, Railways, Renewables and Civil. Globally, the Company has powered infrastructure development in 63 countries.
On Monday, the stock closed at Rs. 385.00 and touched an intra-day high and low of Rs. 394.75 and Rs. 380, respectively, on the BSE.