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KEC International Wins ₹1,171 Crore T&D Orders in Middle East

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Synopsis:

KEC International secures ₹1,171 crore Transmission and Distribution orders in the UAE and Saudi Arabia, raising its YTD order intake to ₹10,000 crore. The KEC International share price rose 0.57% to ₹869 on Wednesday, marking a 28.65% return over 12 months.

KEC International News Today

Infrastructure giant KEC International Limited announced on August 28 that it has won new orders worth ₹1,171 crore in its Transmission and Distribution (T&D) business. These orders involve constructing major transmission lines in the Middle East, a strategic market for the company.

New Orders in the UAE and Saudi Arabia

The newly secured orders include the construction of a 400 kV transmission line in the United Arab Emirates (UAE) and a 380 kV transmission line in Saudi Arabia. These projects are part of KEC International's ongoing efforts to expand its presence in the Middle Eastern market, which has been a significant growth driver for the company.

KEC INTL. LIMITED

Trade

1164.5-29.55 (-2.47 %)

Updated - 13 December 2024
1198.10day high
DAY HIGH
1150.25day low
DAY LOW
390843
VOLUME (BSE)

Strong Growth in Order Intake

In June 2024, the company had secured ₹1,025 crore orders in T&D and cables businesses and ₹1,061 crore orders for transmission lines in Malaysia and supply of equipment to the US.

With these recent contracts, KEC International's year-to-date (YTD) order intake has reached ₹10,000 crore, marking an impressive 80% growth compared to the same period last year.

KEC International Share Price Performance

On Wednesday, KEC International's share price closed at ₹869, reflecting a gain of 0.57%. Over the past 12 months, the KEC International share price has delivered a strong return of 28.65%.

Key Takeaways

KEC International is a leading global player in infrastructure engineering, procurement, and construction (EPC) and serves as the flagship company of the RPG Group. Its new orders in the UAE and Saudi Arabia underscore a strong foothold in the T&D sector globally.

Investors and market analysts closely watch the KEC International share price performance as the company progresses with the execution of new orders.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

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