Shares of KEC International Ltd. are trading flat after touching a day’s high of Rs 899.60 on 24 July, after the company announced new orders worth Rs 1,422 crore for transmission and distribution projects in India and the US.

The orders include 765 kV and 400 kV transmission line projects from Power Grid in India and substation structures in the USA. 

The MD and CEO of the company, Mr Vimal Kejriwal, revealed that this year alone, the company’s orders have gone beyond Rs 7,500 crore, indicating an increase of more than 70% as compared to last year.

These new orders, along with earlier ones, will significantly contribute to the company’s targeted growth.

Last week, the company secured Rs 1,000 crore in orders for T&D projects in India, the Middle East, Australia, and the Americas. The orders included a 765 kV transmission line, a 785 kV GIS substation from Power Grid in India, and a 132 kV transmission line in the UAE.

The company will also supply towers in Australia and the Americas, as well as hardware and poles in the Americas.

Earlier in July, the firm also secured orders worth Rs 1,017 crore. These included an EPC project and a tower supply order in the Middle East. They also received a contract for a 625 MWp solar PV project in Rajasthan from its subsidiary.

At 3:17 PM, the shares of KEC International Ltd. were trading 0.33% higher at Rs 883 on BSE.

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