KEC International bags orders worth Rs. 2,255 crores

A part of the RPG Group, KEC International Limited, has bagged new orders worth Rs. 2,255 crores across various businesses. Its transmission and distribution segment has secured orders worth Rs. 885 crores for T&D projects, urban transport segment received orders worth Rs. 853 crores, and railways segment gained orders of Rs. 517 crores.

Under the transmission and distribution segment, the scope of orders include –

- 400 kV transmission line and substation orders from a Power Grid Corporation of India (PGCIL) entity under Tariff Based Competitive Bidding (TBCB) route
- 765 kV transmission line project from Tamil Nadu Transmission Corporation Limited (TANTRANSCO)
- 220 kV GIS Substation project along with associated overhead lines and cable works from Karnataka Power Transmission Corporation Limited (KPTCL)

The order under the transport segment includes construction of an elevated viaduct and 10 stations for the Delhi Metro Phase IV project, tendered by Delhi Metro Rail Corporation (DMRC).

The order under the railways segment is offered by Rail Vikas Nigam Limited (RVNL) and includes construction of roadbeds, major and minor bridges, and associated civil works in India.

At the end of September 2019, the order book of the company stood at Rs. 18,085 crores (including L1 of Rs. 5,000 crores), comprising 64 per cent from the T&D segment and 29 per cent from the Railways and rest from other segments.

On Wednesday, the stock of KEC International opened at Rs. 274. During the day, it surged 2.2 per cent, making an intraday high of Rs. 280 from the previous close of Rs. 273.95.