Key Points of KEC International Shares Surge on Securing Orders:
- KEC International’s stock price saw a positive trend on March 23.
- The company secured orders worth Rs 1560 crore from Power Grid Corporation of India Ltd for transmission and distribution (T&D) projects in India.
- The orders were secured under the tariff-based competitive bidding (TBCB) route and include a 765 kV transmission line, 765/400 kV AIS substation, and 765 kV GIS substations.
- The CEO of KEC International expressed excitement about the recent orders, stating that they significantly increased the company’s order book in the domestic T&D market.
- Earlier this year, the company secured new orders worth Rs 1,131 crore for composite packages for 220 kV and 132 kV GIS and AIS substations, transmission lines, and underground cabling projects in Africa.
- KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major and a flagship company of the RPG Group.
- The recent orders showcase KEC International’s competence and capability to secure and execute large-scale projects across various business segments, including T&D, civil works, and supply of towers.
Details of KEC International Shares Surge on Securing Orders:
On March 23, the stock price of KEC International saw a positive trend after the company announced that it had secured orders worth Rs 1560 crore from Power Grid Corporation of India Ltd. These orders are specifically for transmission and distribution (T&D) projects in India, under the tariff-based competitive bidding (TBCB) route.
The orders include a 765 kV transmission line, 765/400 kV AIS substation, and 765 kV GIS substations, according to a regulatory filing.
The CEO and Managing Director of KEC International, Vimal Kejriwal, expressed his excitement about the company’s recent orders, stating that they have significantly increased their order book in the domestic T&D market.
This comes after the company secured new orders worth Rs 1,131 crore earlier this year, including composite packages for 220 kV and 132 kV GIS and AIS substations, transmission lines, and underground cabling projects in Africa.
KEC International is a renowned global infrastructure Engineering, Procurement and Construction (EPC) major and a flagship company of the RPG Group.
The company’s recent orders showcase its competence and capability to secure and execute large-scale projects across various business segments, including T&D, civil works, and supply of towers.
About KEC International:
KEC International, a multinational company based in India, holds the distinction of being the country’s second-largest electric power transmission tower manufacturer and one of the biggest Power transmission, Engineering, Procurement and Construction companies on a global scale.
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