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KEC International bags domestic, global orders worth Rs 1,315 crore

Oct 17, 2023

By: BlinkX Research Team

KEC International Ltd stocks rally during Tuesday's afternoon trade as the RPG Group Company has secured new orders of Rs 1,315 crore across its various businesses.

As per the regulatory filing, the business has secured orders for Transmission & Distribution projects in India, Middle East, Australia and Americas.

• 765 kV Transmission line and 765 kV AIS Substation orders in India, from Power Grid Corporation of India Limited (PGCIL) 
• Supply of Towers in Middle East, Australia and Americas 
• Supply of Hardware and Poles in Americas.

Further, the business has secured orders for supply of various types of cables in India and overseas.

Commenting on the development, Vimal Kejriwal, MD & CEO, KEC International Ltd. said, “We are enthused by the tower supply order from Australia, which is a testament to our dedicated focus on expanding and diversifying the tower sales business geographically. In a noteworthy achievement, our tower supply business footprint now extends across six continents.”

At around 12:46 PM, following market momentum, shares of KEC International rallied by 1.03% at Rs 659 per share on the BSE.