KEC International bags new orders across businessesKEC - 676 Change: -2.85 (-0.42 %)
News: KEC International has won new orders of Rs.1,131 crore across its various businesses. In T&D space the company secured orders in the Middle East and Americas. The orders in the Middle East include maiden orders secured directly by their EPC subsidiary in UAE. In Railways, it secured an order for 2 x 25 kV Overhead Electrification (OHE) and associated works for speed upgradation in India. in civil segment it secured orders in the cement, residential and public spaces segments in India and has added some prestigious clients to its portfolio. In the cables business, KEC has secured orders for various types of cables in India and overseas.
Views: KEC's order book continues to grow in the backdrop of the orders secured across all our business verticals despite the continuing global headwinds. With these orders, the company's YTD order intake has crossed Rs.15,000 crore, with robust growth of ~60% vis-à-vis last year. KEC is witnessing a gradual uptick in the North American T&D market as it received the flow of orders in the Americas secured by their subsidiary SAE Towers.