KEC International shares in focus after securing Rs 1,704 crore turnkey orders from Power Grid Corporation
KEC International shares will be in focus on Thursday after the firm secured turnkey orders worth Rs 1,704 crore from Power Grid Corporation of India in its Transmission & Distribution (T&D) business.
The projects include the design, supply, and installation of 765 kV transmission lines and GIS substations, further bolstering KEC’s leadership in the T&D sector.
«The company has secured prestigious turnkey orders of Rs 1,704 crores in its Transmission & Distribution (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),» the company said in an exchange filing.
Vimal Kejriwal, MD and 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. With these orders, our YTD order intake now stands at Rs 16,300 crores, reflecting an impressive growth of over 60% compared to last year.»
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