KEC International wins orders of Rs 840 crore
DSIJ Intelligence / 03 Dec 2016
KEC International has won orders of Rs 840 crore on Friday after market hours. The company’s bagged order is distributed into various segments viz. Transmission and Distribution segment, cable business.
KEC International has won orders of Rs 840 crore on Friday after market hours. The company’s bagged order is distributed into various segments viz. Transmission and Distribution segment, cable business.
KEC International’s Transmission and Distribution business has secured orders of Rs 723 crore in Malaysia, Egypt and the Americas. In Malaysia a turnkey order has been received of Rs 429 crore for construction of 275 kV transmission Line. In Egypt a turnkey order of Rs 248 crore for 500 kV overhead transmission line, has been received. The company’s supply order of Rs 46 crore from across the Americas. KEC International’s cable business has secured about Rs 117 crore order.
On the financial front, KEC International’s revenue has increased by 2.67 per cent to Rs 2074 crore in Q2FY17 as compared to same period in previous financial year. The company’s EBITDA too has risen by 22.46 per cent to Rs 185 crore in Q2FY17 on a yearly basis. Its net profit also has boosted more than two folds to Rs 65 crore in Q2FY17 as compared to same period in previous fiscal year.
The share price of KEC International has declined by 3.04 per cent on bourses and closed at Rs 138.65 on an intraday basis on Friday.
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