During Monday’s intraday trading, KEC International’s shares rose 3%, reaching an intraday high of Rs 975 per share on the NSE. This happened after the company was given fresh work orders totalling Rs. 1,003 crores. 

The company in its regulatory filing, said that they have secured an order for tunnel ventilation system and associated work in India in the railways, however, they specify other details. 

Moreover, the company’s civil business has secured an order in the industrial segment for civil and mechanical works for a steel plant in India. The company’s cable business has also secured orders to supply various types of cables in India and overseas. 

Vimal Kejriwal, MD & CEO of KEC International, said, “We are pleased with the order wins secured across our business verticals. Our Railway business has strengthened its presence in the emerging Tunnel Ventilation segment, while our Civil business has expanded its portfolio with the addition of a prestigious new client in the Metals and Mining segment.”

Kejriwal added that with the addition of these orders, the company’s YTD order intake stands at over Rs.12,300 crores, reflecting a stellar growth of over 60% compared to last year. Notably, a substantial 70% of this year’s order intake comes from its Transmission & Distribution (T&D) business.

KEC International is one of the major operators in infrastructure engineering, procurement, and construction (EPC) worldwide. Power transmission and distribution, railroads, civil engineering, urban infrastructure, solar energy, oil and gas pipelines, and cables are just a few of the industries in which the firm operates. 

The company has established its presence in over 110 countries and is actively involved in the execution of infrastructure projects in over 30 nations.

At 11:38 am, the shares of KEC International were trading 0.56% higher at Rs 946.60 on NSE.

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