KEC business boosts as new orders worth Rs 1,438 crore drops in
KEC International Ltd, a flagship company of RPG Enterprises, informed that it has received new orders worth Rs 1,438 crore. This order is divided into various businesses namely railways, civil, transmission & distribution as well as cables.
Looking at the breakup of the order, KEC has received Rs 475 crore worth of order in the railways business in the urban/emerging segments of India. The order includes the construction of depot-cum-workshop to serve Delhi-Meerut Regional Rapid Transit System (RRTS) from National Capital Region Transport Corporation (NCRTC) along with an order for ballastless track works and other works from Kochi Metro Rail Limited. It also includes an order for signalling & telecommunication from Dedicated Freight Corridor Corporation of India (DFCCIL).
The next order, which is worth Rs 383 crore, is from the civil business for infra works from some well-known private companies in the chemical, cement, and residential segments. The order also includes one from the government in the water pipeline segment of India.
Further, an order, worth Rs 362 crore, is for the transmission & distribution in the Middle East and the Americas, pertaining to various customers while the last one of Rs 218 crore is for various types of cabling projects. Also, the transmission & distribution orders include some orders, which are directly secured by the recently acquired transmission tower manufacturing facility in Dubai. The orders in the Middle East and the Americas will help to make the order book strong in that region for KEC International.
KEC International, global engineering, procurement & construction infrastructure company, is the fastest-growing business group with business interest in the areas of infrastructure, pharma, IT, speciality as well as innovation-led technology businesses. KEC International serves business in India and abroad. KEC has served the economy for 75 years and has a presence over 100 countries across six continents.
The company's stock was trading at Rs 373.80 at 11.28 am on Monday, up by 1.84 per cent. It is quite close to the 52-week high, which is Rs 383.70. Besides, its 52-week low is Rs 154.50 on BSE.