KEC International wins its second order in last 24 hours – Check more details here-February 2024-www.financetom.com

KEC International wins its second order in last 24 hours – Check more details here

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KEC International wins its second order in last 24 hours – Check more details here

Sep 13, 2023 7:56 AM

KEC International on Wednesday announced that the company has secured a turnkey order of Rs 1,145 crore in the Kingdom of Saudi Arabia (KSA). The company has secured the project in its Transmission & Distribution (T&D) business.

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Under the project, the company will be responsible for designing, supplying and installation of 380 kV Overhead Transmission Line in KSA.

With this order, the company’s year to date (YTD) order intake has surpassed Rs 7,500 crores, which is a growth of 30 percent vis-à-vis last year.

“With this order, Saudi Arabia continues to be a major growth driver in the Middle East region. This strategic project holds immense significance for both NEOM and Saudi Arabia, as it plays a pivotal role in developing the power infrastructure required for the development of NEOM – a visionary city in Saudi Arabia,” says Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd.

Earlier on September 12, 2023, the company has received new orders worth Rs 1,012 crore across its businesses, namely civil, transmission & distribution (T&D) and cables.

KEC International secured orders worth Rs 2,072 crore across various businesses in August 2023. It won orders worth Rs 1,042 crore in July 2023 and this was the month when the company forayed into the international market in its railway business.

Shares of KEC International were trading 2.04 percent higher at Rs 678.80 per share today on NSE at 3:19 pm.

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