KEC International Wins ₹2,518 Crore in New Orders; Stock Jumps

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AuthorRiya Kapoor|Published at:
KEC International Wins ₹2,518 Crore in New Orders; Stock Jumps
Overview

KEC International has secured new orders valued at ₹2,518 crore spanning its civil, transportation, transmission & distribution, and cables divisions. Key wins include its largest commercial real estate order to date and a joint venture for India’s Kavach train safety system. The company's stock saw a nearly 7% increase following the news.

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KEC International, part of the RPG Group, announced on March 8 new orders totaling ₹2,518 crore across its civil, transportation, transmission & distribution (T&D), and cables businesses.

Civil and Transportation Wins

The company's civil division secured its largest-ever commercial real estate order from a leading developer in western India. In the transportation segment, KEC International won a joint venture order for India’s Train Collision Avoidance System (TCAS) program, known as Kavach.

T&D and Cables Segment Strength

Orders in the transmission & distribution business include 400/132/66 kV transmission lines in Africa, additional lines and substations in international markets, tower supplies in Europe, and hardware/poles in the Americas. The cables & conductors segment also received orders for various cable and conductor types domestically and overseas.

Vimal Kejriwal, MD and CEO of KEC International, commented on the wins: "We are delighted with the order wins across our businesses. The civil business has secured its largest-ever commercial real estate order, marking a significant milestone and adding a marquee client to our portfolio." He also highlighted the company's growing presence in the TCAS (Kavach) segment and the diverse geographical spread of its international T&D order book.

Shares of KEC International Ltd rose to ₹567.95 on the BSE on April 8, an increase of ₹36.40, or 6.85%, following the announcement.

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