Friday, 19 July 2013

KEC International surges on securing orders worth Rs 1,300 crore

KEC International is currently trading at Rs. 35.70, up by 0.75 points or 2.15% from its previous closing of Rs. 34.95 on the BSE.

The scrip opened at Rs. 35.00 and has touched a high and low of Rs. 36.50 and Rs. 34.20 respectively. So far 174347 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 80.70 on 29-Oct-2012 and a 52 week low of Rs. 26.90 on 27-Jun-2013.

Last one week high and low of the scrip stood at Rs. 38.00 and Rs. 33.10 respectively. The current market cap of the company is Rs. 910.09 crore.

The promoters holding in the company stood at 45.39% while Institutions and Non-Institutions held 36.26% and 18.34% respectively.

KEC International (KEC), a global infrastructure EPC major, an RPG Group company has secured new orders of Rs 1,300 crore in its Transmission, Power Systems, Cables and Water businesses. Under Transmission business, the company has won new orders amounting to Rs 909 crore from India, Americas, Saudi Arabia, Afghanistan, Kenya, Kazakhstan and Laos. In India, the company has received order for Supply and erection of a 765 kV double circuit transmission line between Aurangabad -Padghe in Maharashtra. The order is secured from the Power Grid Corporation of India (PGCIL). The order value is Rs 318 crore.

Under Power Systems Business, the Company has won new orders amounting to Rs 75 crore from Laos, Philippines and Malaysia. In Laos, the company has received order for Design, supply and construction of 115/22 kV substations on turnkey basis for the Greater Mekong Subregion Northern Power Transmission Project. The order is secured from the Electricite du Laos (Ministry of Energy and Mines). The order value is Rs 33 crore.

Under Cable Business, the Company has secured Rs 182 crore orders for the supply of Power and Telecom Cables.Under Water Business, the Company has secured two orders amounting to Rs 134 crore from the Water Resources Department of Madhya Pradesh, India. The company has received the first order is for construction of a concrete Dam under pench diversion project at Chourai in Chhindwara district, Madhya Pradesh.

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