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after bagging orders worth Rs 1,100 crore KEC International jumps

  • calendar 14-Sep-2022
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 after bagging orders worth Rs 1,100 crore KEC International jumps

Shares of KEC International rose on September 14 after the company said it had secured new orders worth of Rs 1,108 crores across its various businesses. The RPG Group company said its transmission and distribution business secured orders for T&D and cabling projects in India, Middle East and Africa. This includes 400 kilo volt transmission line order in India from Power Grid Corporation, 132 kV underground cabling order in India from a state utility, 220 kV transmission line and tower supply orders in the Middle East secured by its UAE subsidiary, and 330 kV transmission line order in Africa. Similarly, the firm's railway business secured orders in the technologically enabled and conventional/emerging segments in India which include overhead electrification for metro, auxiliary power supply, SCADA system and associated works, signaling and telecom works of train collision avoidance system (TCAS) under Kavach in consortium, and composite order for doubling of tracks and associated civil works. “We are delighted with the new order wins, especially in the railways business which is witnessing a gradual uptick through orders in both conventional and new segments,” said Vimal Kejriwal, managing director and chief executive of KEC International. The business has secured its maiden order in the prestigious TCAS segment under Kavach, which aims to enhance safety of railways.

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