KEC International achieves new orders of Rs 1,042 crore across businesses
Leading infrastructure major KEC International, an RPG Group company, said it has received new orders worth Rs 1,042 crore across its various businesses. The company forayed into the railway business, bagging its maiden international order for a signaling and telecommunication project in SAARC or the South Asian bloc comprising of the countries located in the Indian subcontinent detail, KEC said, without divulging further details.
Also, it secured an order in the metals and mining segment from a reputed steel player in India for the supply of various types of cables in India and overseas. In the civil business, the company said it has “secured an order in the metals & mining segment from a reputed steel player in India". In the Transmission & Distribution (T&D) category, KEC noted that it has received orders for “projects in India, Middle East, Europe, and Americas."
This includes the “setting up of overhead Transmission line in the Middle East" and “supply of towers in India, Europe, and the United States." The company further added that its subsidiary SAE Tower has secured orders for the “supply of towers, hardware, and poles in Americas". KEC, in a press release, also stated that it received orders for “various types of cables in India and overseas". “We are pleased with the new order wins secured across our business verticals. The railway business has successfully expanded its footprint internationally, leveraging the strong presence of our T&D business," KEC’s managing director and CEO Vimal Kejriwal said.
“The civil business continues to strengthen its order book in the industrial segment with the addition of a very reputed client. The maiden tower supply order from Europe is a testament to our dedicated focus on diversifying the tower sales business geographically," he added. Shares of KEC International Ltd ended at Rs 575.70, up by Rs 0.75, or 0.13% on the BSE.
