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KEC International Shares Rise On Securing Orders Worth Rs. 1520 Crore

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Shares of KEC International jumped in early trade on December 23 by as much as 3.5% to an intra-day high of Rs. 308.90 on the BSE. The company bagged new orders worth Rs. 1520 crore across its different business segments.

 
KEC International Shares Rise On Securing Orders Worth Rs. 1520 Crore

The company's railway business has got an order for carrying out construction of of road over bridges (ROBs) in Western India. The project is valued at Rs. 165 crore.

From the Delhi Metro Rail Corporation (DMRC), KEC's urban transport business has bagged an order worth Rs. 964 crore for constructing elevated viaduct together with eight metro stations that form the part of the Delhi Metro Phase IV project.

In addition, the company's transmission & distribution business has got 2 orders worth for constructing 400 kV transmission lines in Nepal.

"With the international orders secured in T&D and the domestic orders announced earlier during the year, we are seeing traction in our core T&D business. The order wins in Nepal will consolidate our leadership position in the SAARC T&D market," said Vimal Kejriwal, MD & CEO, KEC International.

With headquarters in Mumbai, KEC is the flagship company of the RPG Group and is one of the leading Engineering, Procurement, and Construction (EPC) company.

At the time of reporting, the stock of KEC International Limited quoted at Rs. 304.00, up Rs. 5.45or 1.83%.

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