Shares of KEC International Ltd were trading in the green and 1% higher on 16 October after the company announced receiving a new order for the installation of a 380 kV GIS substation in Saudi Arabia.

In its regulatory filing, the company said, “KEC International has secured a new order of Rs 1,038 crore for design, supply and installation of 380 kV GIS substation in Saudi Arabia.” 

Vimal Kejriwal, MD & CEO, KEC International, said, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our YTD order intake has surpassed Rs 16,000 crore, representing a healthy growth of ~20%.” 

Earlier this week, the company got a fresh order for Rs 1,064 crore for the design, supply, and installation of a 380 kV transmission line in Saudi Arabia, as well as Rs 1,174 crore for transmission and distribution projects in India and the Middle East.

Last week, the company received fresh orders totalling Rs 1,102 crore across several companies.

At 12:50 pm, the shares of KEC International were trading 0.11% higher at Rs 853.45 on NSE.

Ready to invest like a pro? Unicorn Signals app equips you with 100+ Free tools and knowledge you need to succeed. Download the Unicorn Signals app and gain access to daily stock lists and insightful market analysis and much more!