KEC International, a RPG Group infrastructure EPC major, has secured new orders of Rs. 11,570 million across its various businesses. The Transmission & Distribution (T&D) business has secured orders of Rs 6,630 million for projects in the Middle East, Africa, and the Americas.
The Railways business has secured orders of Rs 2,200 million for 2 x 25 kV Overhead Electrification (OHE) and associated works for speed upgradation in India. The Civil business has secured an order of Rs 1,730 million for construction of a new airport terminal building and associated works in South India. The Cables business has secured orders of Rs 1,010 million for various types of cables in India and overseas.
Vimal Kejriwal, MD & CEO, KEC International commented, "We are pleased with the new orders secured across our business verticals. The orders in T&D, especially in the Middle East region will enable us to further strengthen our presence in the international markets. Our Railway order book continues to grow in emerging/new areas with orders in the Semi High-Speed Rail under mission 'Raftaar'. We are particularly enthused with our first order in the Airports vertical which marks our entry in the growing public spaces segment."
Shares of the company declined Rs 13.10, or 2.88%, to settle at Rs 441.85. The total volume of shares traded was 136,959 at the BSE (Wednesday).