On October 23, 2024, KEC International Ltd, a leading global infrastructure EPC company and part of the RPG Group, announced new orders worth ₹1,142 crore across multiple sectors.
The company has received orders for T&D projects in the Middle East and the Americas, including a 380 kV transmission line in Saudi Arabia and supplying towers, hardware, and poles in the Americas.
KEC received an order to construct bridges and related works for a railway line in India’s conventional segment.
The company also secured orders to supply various types of cables in both domestic and international markets.
Mr Vimal Kejriwal, MD & CEO of KEC International Ltd, said, “We are pleased with the continuous inflow of orders. Our international order book has seen significant growth in recent months, particularly in the Middle East, driven by a series of successful order wins in Saudi Arabia and the UAE. We are also enthused by the order in Railways, which strengthens our portfolio in the conventional Railway segment. With the above orders, our YTD order intake stands at ~ ₹13,500 crores, reflecting a robust growth of over ~50% compared to last year.”
RPG Enterprises is one of India’s rapidly growing business groups, with a business of $4.8 billion. The group is involved in a variety of sectors, including Infrastructure, Tyres, Pharma, IT, Specialty, and innovative technology-driven businesses.
KEC International Ltd. is a prominent global leader in EPC (Engineering, Procurement, and Construction) for infrastructure development projects. The company operates across sectors such as Power Transmission and Distribution, Railways, Civil and urban infrastructure, Solar, Oil and gas Pipelines, and Cables. KEC is currently executing projects in over 30 countries and has a presence in more than 110 countries through its EPC services and the supply of towers and cables. It serves as the flagship company of the RPG Group.
On October 24, 2024, KEC International Ltd’s share price opened at ₹947.00, touching the high price of ₹959.90 as of 09:38 AM on NSE.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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