KEC secures orders worth - 1,313 croreKEC - 590 Change: 11.25 (1.95 %)
News: KEC International has secured orders worthRs 1,313 crore for its various business. T&D business has secured orders for T&D projects in India, Middle East and Americas. Railways business has secured a composite order for construction of a third railway line and associated works in the conventional segment in India. Civil business has secured an order for executing infra works in the metals & mining segment in India. Oil & gas business has secured an order for composite works for an oil terminal station in India and cable business has secured orders for various types of cables in India and overseas.
View: There is good traction seen in order inflows both in T&D and non T&D business for KEC as its order book is at Rs 23720 crore with L1 orders worth Rs 8000 crore currently. Also, it reflects an uptick in private capex specifically in the metals & mining sector as industrial order in civil along with orders announced earlier during the year.