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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
KEC International has secured turnkey orders worth Rs 1,704 crore from Power Grid Corporation of India Limited for the design, supply, and installation of 765 kV Transmission Lines and GIS Substations. This win bolsters the company's T&D order book, contributing to a year-to-date order intake of Rs 16,300 crores, reflecting over 60% growth compared to last year. Additionally, on November 25, KEC International obtained new orders totaling Rs 1,114 crore across various sectors, including T&D projects in the Middle East and Americas.
KEC International's shares rose 2% to Rs 1,064 after securing new orders worth Rs 1,114 crore in Q2FY25, spanning transmission and distribution, civil, railways, and cable segments. Notable projects include a 400 kV transmission line in Oman and various contracts in India, contributing to a year-to-date order intake of Rs 14,600 crore, a 50% increase from last year. CEO Vimal Kejriwal expressed optimism about the company's strengthened position in the Middle East and diverse project acquisitions.
Vimal Kejriwal
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03:05 28.11.2024
04:55 26.11.2024
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