Shares of KEC International Ltd surged 9% on Wednesday, 29 August, after the company announced that it had secured new Transmission and Distribution (T&D) orders for Rs 1,171 crore in the Middle East.

Among the orders are two 400 kV transmission lines: one in Saudi Arabia and the other in the United Arab Emirates.

Vimal Kejriwal, MD & CEO of KEC International, said, “We are delighted with the ongoing success in our T&D business, highlighted by a series of significant order wins. The sustained inflow of orders in the Middle East has substantially expanded our International T&D order book.”

Vimal added, “With the above orders, our YTD order intake stands at ~ Rs 10,000 crores, a stellar growth of 80% compared to last year. These orders, coupled with the orders announced earlier during the year, reaffirm our confidence in achieving the targeted growth going forward.”

Other recent news: this week, KEC International’s T&D and cable operations received fresh orders worth Rs 1,079 crore.

At 1:12 pm, the shares of KEC International were trading 7.45% higher at Rs 932.75 on NSE.

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