KEC International Ltd. shares jumped more than 2% in Tuesday’s trade after the infrastructure engineering giant announced fresh orders worth ₹3,243 crore in its Transmission & Distribution (T&D) business. As of 9:19 AM, the shares were trading 7% higher at Rs 926.75.
The new orders include:
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400 kV Transmission lines in the United Arab Emirates (UAE)
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Supply of towers, hardware and poles in the Americas
Commenting on the development, Vimal Kejriwal, MD & CEO of KEC International, said, “We are delighted with the new order wins in our T&D business, especially our largest ever EPC order till date. This order has further strengthened our presence in the Middle East and substantially expanded our international T&D order book. The Middle East continues to be a strategic growth driver for us, as reflected in this order and those secured earlier this year. With these wins, our year-to-date order intake has reached ~₹11,700 crore, which will play a key role in driving our growth plans going forward.”
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