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HomeMarket NewsStocks NewsKEC secures ₹1,402 crore orders across transmission, civil, and cables businesses
The Civil business received a repeat order for a high-rise residential project from a reputed real estate developer in Northern India. In its Cables & Conductors business, KEC bagged multiple orders for the supply of cables and conductors catering to both domestic and overseas markets. Shares of KEC Ltd ended at ₹778.45, down by ₹14.85, or 1.87%, on the BSE.
Global infrastructure major KEC Ltd on Sunday (August 17) said it has won new orders worth ₹1,402 crore across its key business verticals.
In the Transmission & Distribution (T&D) segment, the company secured a 765 kV transmission line project from a marquee private player in India, along with orders for the supply of towers, hardware, and poles in the Americas.
The Civil business received a repeat order for a high-rise residential project from a reputed real estate developer in Northern India. In its Cables & Conductors business, KEC bagged multiple orders for the supply of cables and conductors catering to both domestic and overseas markets.
Also Read: KEC Q1 results: Net profit rises 42% YoY; revenue, margin improves
Vimal Kejriwal, MD and CEO, KEC , said, "We are pleased with the order wins across our businesses. In the India T&D business, we have expanded our customer base by securing a prestigious order from a reputed private player.
We are also encouraged by the repeat order secured from a leading private developer in the Buildings & Factories (B&F) segment in India. With these additions, our YTD order intake has surpassed Rs. 8,400 crores. These orders, along with the orders announced earlier during the year, will substantially contribute towards our targeted growth going forward."
On Friday (August 14), shares of KEC Ltd ended at ₹778.45, down by ₹14.85, or 1.87%, on the BSE.
Also Read: KEC shares rise after ₹1,509 crore order win
