KEC International jumps on new orders

KEC International rose 3% to Rs.354, with volumes going up over 1.5 times. The market cap stands at over Rs.8,800 crore.

An RPG group company, it announced yesterday the receipt of orders to the tune of Rs.1357 crore.

The orders were mainly from Transmission and Distribution unit which secured turnkey orders of Rs. 1,234 crore across India, Middle East, Africa, SAARC and The Americas. The Cables unit has secured orders of Rs. 123 crore.

The orders for the T&D unit:

400 kV GIS Substation in North Eastern India from PGCIL • Orders for various 400 kV Transmission Lines in Dubai • 225 kV Transmission Lines in Senegal and Substations in Ivory Coast, respectively • 138 kV Transmission Line and associated substation in Nicaragua • 400 kV D/C River Crossing Transmission Line in Bangladesh • 765 kV Transmission Line in Northern India from a leading private player for a TBCB Project and a Substation order from a leading private tyre company • SAE Towers has received various orders from the Americas.