KEC International Bags New Contracts Worth Rs 2,255 Crore
Engineering firm KEC International Ltd. on Wednesday said the company has bagged orders worth Rs 2,255 crore across various business verticals in the domestic market.
The RPG Group firm has secured three projects each from Power Grid Corporation of India Ltd., Tamil Nadu Transmission Corporation and Karnataka Power Transmission Corporation with an aggregate value of Rs 885 crore in its power transmission and distribution business.
In its urban transportation business, the company bagged an order worth Rs 853 crore from Delhi Metro Rail Corporation for the construction of an elevated viaduct and 10 stations for Delhi Metro Phase IV project.
The company has secured an order worth Rs 517 crore from Rail Vikas Nigam Ltd. for the construction of roadbeds, major and minor bridges and associated civil works.
"The order from DMRC, along with the orders announced earlier, widens our presence in the urban transport sector,” Chief Executive Officer Vimal Kejriwal said. “The order wins from PGCIL and the state power utilities, further strengthens our position in the domestic T&D market.”
On Wednesday, KEC International shares rose 1.37 percent to Rs 277.70 apiece on the BSE while the benchmark Sensex shed 0.57 percent to end the day at 40,116.06 points.