KEC International, the global infrastructure EPC company from the RPG Group, has secured new orders worth Rs 1,016 crore across various businesses on Monday, November 17. Here are all the details

First Middle East contract in oil & gas

The civil business has secured orders in the Buildings & Factories (B&F) segment from existing clients. In the Oil & Gas segment, the company has secured its first order in the Middle East.

The Transmission & Distribution (T&D) business has secured fresh/extension orders for supply of towers, hardware and poles in the Middle East and Americas 400 kV transmission lines in the UAE.

Cables and conductors business has secured orders for supply of various types of cables and conductors in India and the overseas market.

Vimal Kejriwal, MD & CEO of KEC International said, “With these additions, our YTD order intake has crossed Rs 17,000 crore, a strong growth of ~17% over the previous year, reaffirming our confidence in achieving our growth targets.”

Share price of KEC International

The share price of KEC International closed in the red in Monday’s trade, declining 0.73%. On a YTD basis, the stock has fallen 34.55% so far this year.