- 17 May 2022
- ICICIdirect Research
KEC INTERNATIONAL BAGS NEW ORDER
KEC - 1202 Change: -15.45 (-1.27 %)News: KEC International wins new orders of Rs. 1,147 crores across its various businesses. In T&D segment, KEC secured orders for T&D and cabling projects in America and Middle East. In railways segment, it has secured orders for overhead electrification (OHE), auxiliary substations, SCADA system and associated works for elevated and underground metro stations, conventional overhead electrification (OHE) and for semi high speed rail for Mission ‘Raftaar’. In civil segment it has secured orders in residential, hydrocarbon and data centre segments in India. In cables, the business has secured orders for various types of cables in India and overseas
Views: KEC start its financial year with securing orders across business verticals. With the cabling order in Middle East, the company has reinforced its presence in the international cabling solutions segment. KEC’s Railway business has enhanced its order book in both conventional and new segments. The company is witnessing a gradual uptick in the Railways order intake. The diverse orders in the Civil business, further strengthen their portfolio diversification and reaffirm their confidence in the continued strong growth of this business going forward
Impact: Positive