KEC International bags a list of order worth Rs 1224 crores

KEC International, will definitely be the stock to watch out on Sept 1. The global infrastructure EPC major has bagged order worth Rs 1224 crores. KEC has bagged order in three segments namely in transmission and distribution business, railways business, and its cable business.

Transmission and distribution business order of the company is worth Rs 805 crores, and the company has secured order in India, Thailand and Bangladesh. In the same segment company’s domestic order is worth Rs 589 crores whereas International order of the company is worth Rs 216 crores.

Railways order which KEC has won is worth Rs 248 crores. It has received Rs 110 crores worth order from Rail Vikas Nigam Limited and Rs 138 crore order from Central Organization for Railway Electrification.

The order for the cable business of the company is worth Rs 171 crores. Company now will have to supply power cable and telecom cable.

On the other hand, scrips of the company opened at Rs 142.90, i.e. 6 per cent higher than its previous close. In the last 6 months, shares have rallied as much as 40 per cent. Fifty-two-week High/Low of the company stands at Rs 164.75/97.45.

KEC International Limited is India's second largest manufacturer of electric power transmission towers and one of the largest power transmission engineering, procurement & construction (EPC) companies in the world. It is headquartered in Mumbai, India.