KEC International Secures Orders Worth Rs 1,042 Cr, Expands Railway Business
In a recent announcement on July 5, KEC International, a prominent Indian engineering, procurement, and construction (EPC) company, revealed that it has successfully secured new orders totaling Rs 1,042 crore.
Notably, a significant portion of these fresh orders comes from international clients, marking a significant milestone for KEC International’s railway business as it ventures into global markets.
KEC International shared that its railway division has achieved its first international order for a Signaling & Telecommunication project within the SAARC region, encompassing countries in the Indian subcontinent. However, specific details about this project were not disclosed.
Additionally, KEC International stated that it has received an order in the Metals & Mining segment from a reputable steel player in India within its civil business.
Under the Transmission & Distribution (T&D) category, KEC International has secured various projects in India, the Middle East, Europe, and the Americas. These projects include the establishment of an overhead transmission line in the Middle East, tower supplies in India, Europe, and the United States, and orders for tower supplies, hardware, and poles in the Americas, which were obtained by its subsidiary, SAE Tower.
Furthermore, KEC International mentioned that it has also received orders for various types of cables both in India and overseas. However, the company did not disclose the specific breakdown of these orders in terms of their monetary value.
Vimal Kejriwal, the Managing Director and CEO of KEC International, expressed satisfaction with the newly acquired orders across the company’s business verticals. He highlighted the successful international expansion of the railway business by leveraging the strong presence of the T&D business. Kejriwal also emphasized the civil business’s growing order book in the industrial segment and the milestone tower supply order from Europe, underscoring the company’s commitment to diversify its tower sales geographically.
On July 5, during the trading session, KEC International’s stock settled at Rs 575.70 on the BSE, reflecting a 0.13 percent increase compared to the previous day’s closing price.
About KEC International:
KEC International Limited is an Indian multinational corporation and the second largest manufacturer of electric power transmission towers in India. It is also one of the world’s largest companies in the fields of power transmission, engineering, procurement, and construction.
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