KEC International has received new orders worth Rs 1,017 crore in the transmission & distribution (T&D) and clean energy businesses, the engineering and manufacturing firm said in a stock exchange filing on July 2.
With these orders, YTD order intake has surpassed Rs 5,000 crore, a remarkable growth of 50 percent vis-a-vis last year, said Vimal Kejriwal, managing director & chief executive officer, KEC International Ltd.
The RPG group firm has secured orders for engineering, procurement and construction (EPC) project and supply of towers in the Middle East, while it has also won an order for balance of system package of a 625 MWp Solar PV project in Rajasthan from a subsidiary of an undisclosed PSU in renewable power generation segment.
“We are delighted with the continuous inflow of orders in the first quarter of the financial year. The prestigious solar order has reaffirmed our confidence that the renewable EPC business will contribute significantly to our future growth. The T&D orders in the Middle East have further strengthened our order book in the international T&D market,” Kejriwal said.
The stock of the company closed 2.16 percent higher at Rs 903 on NSE on July 2.
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