KEC International wins new orders of Rs. 10.65 bn
Source: IRIS | 03 Dec, 2021, 02.09PM
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 KEC International, an RPG Group infrastructure EPC major, has secured new orders of Rs. 10.65 billion across its various businesses. In Transmission & Distribution (T&D) business, the company has secured orders for T&D projects in India, Middle East, Africa, and Americas.
Railways business has secured an order for construction of Railway Siding in the conventional segment in India. Whereas, Civil business has secured an order for infra works in the Water Pipeline segment in India.
Oil & Gas Pipelines business has bagged an order for laying of oil and gas pipeline, through its wholly owned subsidiary, Spur Infrastructure. The company’s Cables business has secured orders for various types of cables in India and overseas.
Vimal Kejriwal, MD & CEO, KEC International commented, "Our order book continues to grow on the backdrop of orders secured across all our business verticals. The continuous orders in T&D have significantly enhanced our order book, especially in the international markets. We are particularly enthused by the order in Railways, which further consolidate our leadership in the conventional Railway segment. The order in Civil has strengthened our presence in the growing water infra segment. With these orders, our YTD order intake stands at ~Rs. 110 billion with a strong growth of 2.5 times visà-vis last year. These orders along with the orders announced earlier, reaffirm our confidence in achieving the targeted growth going forward."
Shares of KEC International are trading at Rs 440.40, up Rs 8.65, or 2% at the Bombay Stock Exchange (BSE) on Friday at 12.49 p.m.
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