KEC shines on new order as new year sun shines

KEC International has secured new orders worth Rs 1001 crore in its transmission & distribution, cables and solar business. KEC International's total order book stood at Rs 9872 crore as of September 2015 quarter. Out of this 32 per cent comes from transmission business only.

KEC International, a RPG flagship company, is a global infrastructure Engineering, Procurement and Construction (EPC) major. The company has its presence in verticals of power transmission and distribution, cable railways, water and renewables. It has powered infrastructure development in more than 61 countries. KEC International has eight manufacturing footprints across  India, Brazil and Mexico.

KEC International bagged new orders in Saudi Arabia, Oman, India, Afghanistan, Zambia and the Americas amounting to Rs 822 crore. Out of which Rs 663 crore for construction of various transmission lines and sub stations in Saudi Arabia, Rs 45 crore for construction of transmission line in Oman, Rs 54 crore in India, Afghanistan and Zambia, Rs 60 crore for supply in Mexico,Brazil, USA and Chile.

KEC International also secured various orders worth Rs 160 crore for supply of Power and Telecom Cables. The company also got an order of Rs 19 crore for setting up of interactive solar photovoltaic power grid plant in Andhra Pradesh.

KEC International is also merging its wholly owned subsidiary, Jay Railway Projects into the company after the approval from Bombay High Court with effect from December 30, 2015.

KEC International's share holding pattern indicates that FII holdings expanded by 114 basis points to 5.87 per cent and DII holdings too expanded by 50 basis points to 25.99 per cent during September 2015 quarter.

After bagging a new order, KEC International's share price increased by 5.87 per cent on bourses in early trades and is trading at Rs 160 on intraday basis. It touched a 52 week high at Rs 164.75 on intraday basis.