KEC International gains nearly 6% on securing orders worth ₹1,100 crore

KEC International Ltd. informed the stock exchanges in a filing on Tuesday that it secured new orders worth ₹1,100 crore for Transmission and Distribution projects in India, the Middle East, Australia, and the Americas. The company said that it has bagged an order from Power Grid Corporation of India Limited (PGCIL) for the construction of a 765 kV transmission line and a 765 kV GIS Substation in India.

KEC International said that it has also received an order for the construction of a 132 kV Transmission line in the United Arab Emirates (UAE). The company also secured contracts for supplying towers in Australia and the Americas and for supply of hardware and poles in the Americas.

KEC International informed the exchanges on July 2 that it had also bagged orders worth ₹1,017 crore under its T&D and Renewables businesses. The company informed the bourses that its T&D business secured orders for an engineering, procurement and construction project and the supply of towers in the Middle East.

The company said that its renewable energy business had also secured an order for the balance of the system package of a 625 MWP solar PV project in Rajasthan from a subsidiary of a public sector company engaged in the renewable power generation industry.

KEC International Limited is the flagship company of the RPG Group and a leading engineering, procurement, and construction (EPC) firm in India. The company has delivered projects in sectors such as power transmission and distribution, railways, civil and urban infrastructure, solar and smart infrastructure, oil and gas pipelines, and cables.

KEC International shares closed 0.50% higher at ₹892 apiece on the NSE.