Stock market update: KEC International Ltd shares up by 2% as it bags orders worth ₹1,025 cr

KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major.

Shares of KEC international gained close to 2.82 per cent with INR 474.55 a piece on the National stock exchange on Monday as India’s second-largest manufacturer of electric power transmission towers said it has bagged new orders worth Rs 1,025 crore across its various businesses.

The global infrastructure EPC major, an RPG Group Company on January 7, 2022, secured new orders of Rs. 1,025 crores across its various businesses. The company’s transmission and distribution business has picked orders for projects in India and the Middle East, the RPG Group firm said in a filing to the BSE.

In the July-September quarter, the company’s revenue rose to Rs 3,587 crore as against Rs 3,258 crore in the same period a year ago. Revenue in the April-September period rose to Rs 6,127 crore as against Rs 5,464 crore in the first six months of the previous financial year.

Vimal Kejriwal, MD & CEO, KEC International Ltd commented, “Our order book continues to grow on the backdrop of orders secured across all our business verticals. With these orders, our YTD order intake surpasses Rs. 13,000 crores, with a staggering growth of 2 times vis-à-vis last year.”

KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major. It has a presence in the verticals of Power Transmission and Distribution, Railways, Civil, Urban Infrastructure, Solar, Smart Infrastructure, Oil & Gas Pipelines, and Cables. The Company is currently executing infrastructure projects in 30+ countries and has a footprint in 105+ countries (includes EPC, Supply of Towers and Cables). It is the flagship Company of the RPG Group.

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