Key Points of KEC International Order:
- KEC International has secured orders worth Rs 1,028 crore across its various businesses.
- The announcement caused the company’s share price to surge more than 3% intraday on March 15.
- The transmission and distribution (T&D) business secured orders for T&D projects in East Asia Pacific, Middle East, and Americas.
- The orders in T&D include a 500/230 kV GIS substation order in Thailand and a 110 kV transmission line order in Saudi Arabia.
- The supply of towers in the Middle East was secured by KEC International’s UAE subsidiary, while the supply of towers, hardware, and poles in the Americas was secured by subsidiary SAE Towers.
- KEC International’s civil business also secured an order to execute a project in the logistics segment in India.
- The cables business secured orders for various types of cables in India and overseas.
- The company’s YTD order intake stands at a record level of Rs 19,600 crore, a robust growth of 30% vis-à-vis last year, according to Vimal Kejriwal, KEC International’s MD and CEO. The company’s share is currently trading 11.9% below its 52-week high and 34.01% above its 52-week low.
Details of KEC International Order:
KEC International Secures Orders Worth Rs 1,028 Crore Across Various Businesses
On March 15, KEC International’s share price surged more than 3% intraday after the company announced it had secured orders worth Rs 1,028 crore across its various businesses.
As per the company’s statement, the transmission and distribution (T&D) business has secured orders for T&D projects in East Asia Pacific, Middle East, and Americas. These include a 500/230 kV GIS substation order in Thailand, a 110 kV transmission line order in Saudi Arabia, and the supply of towers in the Middle East, secured by its UAE subsidiary, along with the supply of towers, hardware, and poles in the Americas, secured by subsidiary SAE Towers.
KEC International’s civil business has also secured an order to execute a project in the logistics segment in India. Furthermore, its cables business has secured orders for various types of cables in India and overseas.
“We are pleased with the continuous inflow of orders, especially in our T&D and civil businesses. The orders in T&D have significantly expanded our order book in the international T&D market,” said Vimal Kejriwal, KEC International’s MD and CEO.
“Our civil business has further diversified its presence with its maiden order in the logistics segment from a reputed private player. With the above orders, our YTD order intake stands at a record level of Rs 19,600 crore, a robust growth of 30 percent vis-à-vis last year,” Kejriwal added.
The company’s share touched a 52-week high of Rs 525.05 and a 52-week low of Rs 345.15 on January 10, 2023, and May 12, 2022, respectively. It is currently trading 11.9% below its 52-week high and 34.01% above its 52-week low.
About KEC International:
KEC International is a leading Indian multinational corporation, recognized as the country’s second-largest producer of electric power transmission towers. It is also one of the largest Power Transmission, Engineering, Procurement, and Construction firms worldwide.
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