Shares of KEC International rallied 6% on 18 July after the company announced securing new orders worth Rs 1,100 crore.

In its regulatory filing, the company said that they have secured orders for transmission & distribution (T&D) projects in the USA, India, Australia, and the Middle East. The orders are: 

• 765 kV transmission line and 765 kV GIS substation orders in India were made by Power Grid Corporation of India Limited (PGCIL). 
• 132 kV Transmission line in the United Arab Emirates (UAE).
• Supply of Towers in Australia and the Americas.
• Supply of Hardware and Poles in the Americas. 

Vimal Kejriwal, MD & CEO of KEC International Ltd, said, “We are delighted with the continuous inflow of orders, especially in our T&D business. The 765 kV orders from PGCIL have substantially bolstered our India T&D order book. The consecutive orders in UAE have further solidified our leadership in the Middle East T&D market.”

Vimal added that they are excited by the significant tower supply order from Australia that will strengthen the company’s tower supply business by tapping into a sizable new market. 

The company’s year-to-date order intake has exceeded Rs 6,000 crore, marking a growth of over 80% from the same duration last year. 

Earlier in July, the company secured orders worth Rs 1,017 crore from its T&D business orders for EPC projects and supply of towers in the Middle East.

Moreover, the company also secured a renewables business order from a subsidiary of a reputed PSU in the renewable power generation segment for a 625-megawatt solar PV project in Rajasthan. 

At 11:39 am, the shares of KEC International were trading 2.02% higher at Rs 905.50 on NSE.

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