KEC International bags orders worth Rs801 crore

KEC International bags orders worth Rs801 crore

Mumbai: Power transmission firm KEC International on Thursday said it has secured contracts worth Rs801 crore from domestic and international vendors.

The scope of the contracts includes the supply and construction of transmission and cable lines on a turnkey basis, KEC International said in a filing to the Bombay Stock Exchange (BSE).

In India, the company has bagged three orders from Power Grid Corporation of India (PGCIL), worth Rs224 crore, and one order from state utility Aptransco, valued Rs84 crore.

In international markets, KEC International has received orders from Saudi Arabia, South Africa, the US and Brazil, worth Rs386 crore.

“The geographical and business diversification is helping KEC in securing orders continuously. This year has been very good in terms of our order flow, which provides strong visibility going forward," KEC International CEO and MD Ramesh Chandak said.

The company has also won supply orders in cable areas valued at Rs107 crore from various customers.

All the projects are to be completed within a 12-21 month timeframe. Shares of the company were quoting at Rs85.20, a jump of 5.06%, from their previous close on the BSE on Thursday.