The KEC International share price rose 2 percent in the early trade on November 21 after the company secured orders worth of Rs 1,005 crore across its various businesses.
At 9:20am, KEC International was quoting at Rs 611.25, up Rs 11.90, or 1.99 percent on the BSE.
The railways business has secured an order for 25 kV Overhead Electrification (OHE) and associated works in the conventional segment in India.
The cables business has secured orders for supply of various types of cables in India and overseas.
The transmission and distribution (T&D) business has secured orders for T&D and cabling projects in India, Middle East, Europe, Africa and Americas including 220 and 400 kV Overhead Transmission lines in Middle east, 110kV Transmission lines in Europe, supply of towers in Middle East, Africa and Americas.
It also received the contract for the supply of hardware and poles in Americas and 220kV cabling works in India from a global steel producer.
“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 order intake stands at ~Rs 10,000 crores," said Vimal Kejriwal, MD & CEO, KEC International.
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In October, the company secured orders worth Rs 1,315 crore across various businesses. In September, it had bagged a prestigious turnkey project of Rs 1,145 crore in its T&D business for design, supply and installation of 380 kV overhead transmission line in the Kingdom of Saudi Arabia (KSA).
The company had reported flat net profit of Rs 55.83 crore in quarter ended September 2023.
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