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December 13, 2013

KEC International bags orders worth Rs 7.56 bn...

 

KEC International bags orders worth Rs 7.56 bn...

KEC International, a RPG Group infrastructure EPC major, has secured new orders worth Rs 7.56 billion in transmission, water, power systems and cables businesses.

In transmission business, the company bagged orders in the Americas, Saudi Arabia and Abu Dhabi amounting to Rs 3.24 billion from SAE Towers and National Grid SA.

In water business, the company received three orders in India worth Rs 2.45 billion from Bangalore Water Supply Sewerage Board, Government of Uttarakhand and Water Resources Department of Madhya Pradesh.

In power system business, the company bagged an order for establishment of 220/ 400KV Gas Insulated Substation (GIS) at Kishanganj in Bihar. This order secured from Power Grid Corporation of India for worth Rs 1.02 billion.

In cables business, the company secured orders fro supply power and telecom cables. The total value of these orders is Rs 850 million.

Shares of the company gained Rs 0.5, or 1.01%, to trade at Rs 50.15. The total volume of shares traded was 308,280 at the BSE (12.38 p.m., Friday).

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