KEC international Share Open 5% Higher After Securing Multiple Orders Worth Rs 1,315 Crore

KEC international share opened 5% higher on Tuesday after the construction engineering firm announced that it had secured new domestic and international orders worth Rs 1,315 crore.

 RPG Group of Companies said in a stock exchange filing on October 16 that its power transmission and distribution (T&D) division has won multiple orders in India, Australia, the Middle East and the United States.

 KEC has been awarded a contract for a 765kV (kilovolt) transmission line and 765kV AIS substation from India’s Power Grid Corporation. receive. Additionally, we have received orders to supply towers in the Middle East, America and Australia, as well as hardware and rods in the United States. 

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KEC International's share
KEC International’s share

 In addition, the company’s cable business receives orders for the supply of various cables both in India and abroad. Bimal Kejriwal, Managing Director and CEO of KEC International, said these new orders have significantly improved the company’s T&D order book in India. He added that with tower supply orders from Australia, KEC’s tower supply business now spans six continents.

His KEC International, a subsidiary of RPG Group, is a global infrastructure engineering, procurement and construction company with operations in more than 30 countries across multiple industries including rail, construction and solar power.

 After opening 5% higher, the stock has lost most of its gains. As of 11:40 am, KEC International shares were trading at Rs 664, up 1.83 per cent from the previous closing price on the National Stock Exchange (NSE).

ABOUT COMPANTY

KEC International Ltd is primarily engaged in Engineering, Procurement and Construction business (EPC) relating to infrastructure interalia products, projects and systems and related activities for power transmission, distribution, railway and other EPC businesses.

The company is a part of RPG group which is a diversified conglomerate with interests in areas of infrastructure, tyres, information technology, pharmaceuticals, energy and plantations The group is headed by Harsh Goenka.

 

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