KEC International share price climbs nearly 4% on winning new orders worth ₹1,136 crore

In the early trade, shares of KEC International climbed as much as 3.93% to ₹1,171.5 apiece on the National Stock Exchange. At 9:30 am, the stock was up 0.25% to ₹1,129.95 per share.

In an exchange filing, the company informed that its transmission and distribution (T&D) segment bagged an order for a 765 kilovolt (kV) transmission line in India from the state-owned Power Grid Corporation of India Limited (PGCIL).

The company's transportation business won an order in the Train Collision Avoidance System or TCAS segment under ‘Kavach’ in India.

The oil and gas pipeline business of KEC International also secured a design, supply and build (DSB) order for pipeline and related works from a leading public sector undertaking in India.

Commenting on new orders, Vimal Kejriwal, Managing Director and Chief Executive Officer of KEC International Ltd, said, "We are delighted with the multiple orders secured across our business verticals. The 765 kV order from PGCIL for evacuation of green energy has boosted our T&D order book in India. Our Transportation business has strengthened its presence in the growing TCAS segment under ‘Kavach’ to enhance the safety of Indian Railways with world class technology."

"The oil and gas pipelines business has widened its footprint by securing its first order in the composite space (including design, supply and build). With these new orders, our YTD order intake has reached ₹20,600 crore, a growth of ~80% vis-a-vis last year," he added.