Hot Pursuit     06-Apr-23
KEC Intl rises on bagging orders worth Rs 1,213 crore across businesses
KEC International rose 1.24% to Rs 460.45 after the company announced that it has secured new orders of Rs 1,213 crore across its various businesses.

In the transmission & distribution (T&D) business, the company has secured orders for T&D projects in India, SAARC, Middle East, East Asia Pacific and Americas.

The Civil business of KEC has bagged an order in the urban infra segment in India.

The company's Cables business has secured orders for various types of cables in India and overseas.

Vimal Kejriwal, MD & CEO, KEC International, commented, “We are delighted with the traction of order inflows throughout the year.

With these orders, our total order inflow for FY23 stands at an all-time high of Rs. 22,378 crores, a substantial growth of approximately 30% vis-à-vis last year.

The orders in T&D have significantly expanded our T&D order book, particularly in the international market. Our Civil business has further strengthened its presence with an order in the urban infra segment.”

KEC International executes power transmission and distribution, railways, civil and solar projects on an EPC basis. It also manufactures power and telecom cables. KEC is one of the largest power transmission EPC companies in the world with presence in over 70 countries and a strong presence in India, the Middle East, Africa, South Asia the Americas and Central Asia.

The company's consolidated net profit declined 81.2% to Rs 17.60 crore despite of 31% net sales to Rs 4,374.62 crore in Q3 FY23 over Q3 FY22.

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