KEC International shares zoom 4% on bagging Rs 1,315-crore orders

The Cables business has secured orders for supply of various types of cables in India and overseas.

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The share price of KEC International rallied 4 percent in early trade on October 17 after the company secured orders worth Rs 1,315 crore across various businesses.

At 9:22am, KEC International was quoting Rs 674.40, up Rs 22.15, or 3.40 percent, on the BSE.

The Transmission & Distribution (T&D) business has secured orders for T&D projects in India, Middle East, Australia and Americas, including, 765 kV Transmission line and 765 kV AIS Substation orders in India, from Power Grid Corporation of India Limited (PGCIL), supply of Towers in Middle East, Australia and Americas and supply of Hardware and Poles in Americas.

The Cables business has secured orders for supply of various types of cables in India and overseas.

“We are delighted with the new order wins, particularly the orders from PGCIL in Rajasthan. These orders have significantly enhanced our India T&D order book. We are also enthused by the tower supply order from Australia, which is a testament to our dedicated focus on expanding and diversifying the tower sales business geographically. In a noteworthy achievement, our tower supply business footprint now extends across six continents,” said Vimal Kejriwal, MD & CEO, KEC International.

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In September, the company had secured a prestigious turnkey project of Rs 1,145 crore in its T&D business for design, supply and installation of 380 kV overhead transmission line in the Kingdom of Saudi Arabia (KSA).

In August, the company bagged orders worth Rs 1,007 crore across various businesses. The company’s civil business secured an order for design, engineering, procurement and construction of a multi-speciality hospital in India. Its transmission and distribution (T&D) business secured an order for a 380 KV overhead transmission line project in the Middle East. And its cable business secured orders for supply of various types of cables in India and overseas.