KEC International climbs the ladder after winning new order

KEC International has won an order of Rs 1036 crore on June 23. The company’s order is distributed in Transmission & Distribution, Cable and Railway business. Its order book stands at Rs 9449 crore as of FY16.

KEC International has bagged an order of Rs 582 crore from Abu Dhabi Transmission and Dispatch Company for supply and construction of 400 kV transmission line from Barakah Switchyard to Madinat Zayed Grid Substation. The order of Rs 48 crore from Saudi Pan Kingdom Company pertains to the construction of diversion of Over Head Transmission Line of 380 kV and 110 kV in Saudi Arabia. Order of Rs 36 crore  is for Americas pertaining to supply of lattice towers, monopoles, substation structure and hardware.

KEC International’s order is distributed as Rs 53 crore for supply of Power Cables and Telecom Cables. Rs 317 crore for electrification, civil works, track laying, signaling, construction of road beds and bridges in connection with doubling between Raebareli and Amethi stations from Rail Vikas Nigam.

The share price of KEC International has increased by 7.55 per cent on bourses in early trades;  and is trading at Rs 139.75 on an intraday basis.

KEC International operates in the businesses of power transmission and distribution, and cables. The Company is engaged in engineering, procurement and construction (EPC). It operates in five verticals: power transmission and distribution; cables; railways, civil infrastructure and others.