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KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, informed the exchanges today that it has secured new orders of Rs1,047cr across its various businesses. The details of the order are as follows:
Transmission & Distribution: T&D business and SAE Towers have secured orders of Rs669cr for T&D projects in India, SAARC, the Middle East and the Americas.
Civil: The Civil business has secured orders of Rs153cr for Defence (setting up a data centre) and residential projects in India.
Solar: The Solar business has secured orders of Rs104cr for solar projects in India and the Middle East.
Cables: The Cables business has secured orders of Rs121cr for various types of cables/ cabling projects.
Mr Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are delighted with the new order wins secured across our business verticals amidst the current market scenario. The orders in T&D will enable us to further strengthen our portfolio in the international markets. We are particularly encouraged by the second order in the Defence segment secured by our Civil business."
Stock view:
K E C International Ltd is currently trading at Rs260.75 up by Rs0.45 or 0.17% from its previous closing of Rs260.30 on the BSE.