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KEC International Gain 2% on Winning Orders Worth Rs 1,005 Crore

The company's cable business has secured orders for the supply of various types of cables in India and abroad.

Shares of KEC International were trading 2% higher on 21 November after the company announced securing multiple orders worth Rs 1,005 crore across various business verticals.

The company’s cable business has secured orders for the supply of various types of cables in India and abroad.

The railway vertical of the company has bagged an order for 25 kilovolts of OHE (Overhead Electrification) and other associated works in the conventional segment in India.

The T&D (transmission and distribution) business vertical has secured multiple orders from India, the Middle East, Africa, Europe, and The United States of America for T&D and cabling projects, including a 220 and 400-kilovolt Overhead Transmission line in the Middle East, 110 Kilovolt Transmission lines in Europe, and the supply of towers in the United States of America, the Middle East, and Africa.

The company has also received a contract for supplying poles and hardware for the United States of America and 220 kilovolt cabling works in India from a global steel producer.

Vimal Kejriwal, MD & CEO of KEC International, said, “We are delighted with the new order wins, especially our order in cabling works from a leading steel producer in India. The orders in the T&D business have expanded our order book in the Middle East outside Saudi. We are particularly enthused by the order in Railways, which further consolidates our order book in the conventional Railway segment. With these orders, our YTD (year-to-date) order intake stands at Rs 10,000 crores.”

In October, the company secured orders worth Rs 1,315 crore across its various business verticals.

In September, the company bagged a turnkey project in its T&D business for the design, supply and installation of a 380-kilovolt overhead transmission line in the Kingdom of Saudi Arabia for a total consideration of Rs 1,145 crore.

At 12:20 pm, the shares of KEC International were trading 0.25% higher at Rs 600.85 on NSE.

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