KEC International gains over 2 per cent on securing orders worth Rs 937 crore
Global infrastructure EPC major & RPG Group company, KEC International Limited announced that it has secured orders worth Rs 937 crore across its various businesses.
The transmission & distribution (T&D) business of the company won orders worth Rs 418 crore for the transmission line as well as substation projects in India, the Middle East, and the Americas. On the other hand, its railway business secured orders of Rs 294 crore in India thereby, further strengthening the company’s leadership in the conventional railway segment. Furthermore, orders worth Rs 135 crore and Rs 90 crore came from the civil and cables’ business, respectively.
During FY21, KEC reported an order intake growth of 5 per cent amidst a challenging environment. Its order book and L1 position stood at Rs 25,000 crore in March 2021, which provides visibility for the next six quarters as per management estimates. The newly won orders add to the robust order book of the company.
On Wednesday, the stock of KEC International Limited closed at Rs 402.70, up by 2.31 per cent or 9.10 per share as against a 0.51 per cent decline in the benchmark index.