KEC International Bags New Orders Worth Rs 1,065 Crore Across Segments

The oil and gas pipelines business has secured an order for laying of oil and gas pipeline, through the company's wholly-owned subsidiary, Spur Infrastructure Pvt Ltd

KEC International Bags New Orders Worth Rs 1,065 Crore Across Segments

Shares of KEC International settled 0.05 per cent lower at Rs 431.55 apiece on the BSE.

KEC International - flagship company of the RPG Group, announced that it has bagged new orders worth Rs 1,065 crore across various businesses. The company's Transmission & Distribution (T&D) business secured orders for projects in India, the Middle East, Africa, and Americas.

The company's railways segment has secured an order for construction of railway siding in the conventional segment in India, the civil business bagged an order for infra works in the water pipeline segment in the country.

The oil and gas pipelines business has secured an order for laying of oil and gas pipeline, through the company's wholly-owned subsidiary, Spur Infrastructure Pvt Ltd, KEC International said in a statement. The cable business also bagged orders for various types of cables in India and overseas.

"Our order book continues to grow on the backdrop of orders secured across all our business verticals. The continuous orders in T&D have significantly enhanced our order book, especially in the international markets.

"We are particularly enthused by the order in Railways, which further consolidates our leadership in the conventional Railway segment. The order in Civil has strengthened our presence in the growing water infra segment. With these orders, our YTD order intake stands at Rs 11,000 crore," said Vimal Kejriwal, MD & CEO, KEC International.

The infrastructure engineering, procurement and construction (EPC) major is currently executing infrastructure projects in more than countries and has a footprint in over 105 countries (includes EPC, supply of towers and cables).

On Friday, December 3, shares of KEC International settled 0.05 per cent lower at Rs 431.55 apiece on the BSE.

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