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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
KEC International shares in focus on bagging new orders worth Rs 1,236 crore
KEC International will be in focus on Wednesday after the company announced that it has secured new orders worth Rs 1,236 crore in both domestic and international markets.
According to an exchange filing, the company’s Transmission & Distribution (T&D) business has secured new orders for projects in both India and the Middle East. These include transmission line and substation orders in the UAE and Kuwait, as well as a substation order from a private TBCB player in India.
The company’s civil business segment has obtained an order for a residential project from a prominent private developer in Western India.
The transportation segment has received an order in the prestigious Train Collision Avoidance System (TCAS) segment under the 'Kavach' initiative in India. Additionally, the cable business has won orders to supply various types of cables both in India and abroad.
Vimal Kejriwal, MD & CEO of KEC International, stated, «The order in the UAE has significantly strengthened our order book in the Middle East substation market. Our Civil business continues to grow its client base in the residential segment with the addition of a well-known real estate developer.»
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He further mentioned, «With these orders, our total order intake for FY25 has reached a record Rs 24,600 crore, reflecting a robust 36% growth compared to last year.»
KEC International share price
Shares of the company rose 10% and underperformed its sector by 51% in the past year. Meanwhile, the stock offered 105% and 361% returns in
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