Thursday 16 January 2014

KEC International soars on bagging multiple orders worth Rs 1,215 crore

KEC International is currently trading at Rs. 56.75, up by 1.60 points or 2.90% from its previous closing of Rs 55.15 on the BSE.

The scrip opened at Rs. 55.40 and has touched a high and low of Rs. 58.70 and Rs. 55.40 respectively. So far 2,07,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 68.95 on 16-Jan-2013 and a 52 week low of Rs. 23.25 on 04-Sep-2013.

Last one week high and low of the scrip stood at Rs. 56.90 and Rs. 54.25 respectively. The current market cap of the company is Rs. 1,455 crore.

The promoters holding in the company stood at 48.16% while Institutions and Non-Institutions held 35.78% and 16.06% respectively.

KEC International (KEC), a global infrastructure EPC major, an RPG Group company has secured new orders of Rs 1,215 crore in its Transmission and Cables businesses. In the Transmission business, the company has secured orders in Saudi Arabia, Americas, Bhutan, Nepal and India amounting to Rs 1,148 crore.

In Saudi Arabia, the company has received order for design, supply and construction of 380 kV double circuit overhead transmission lines. The order is secured from the Saudi Electricity Company and the order value is Rs 708 crore. In Americas, the company’s wholly owned subsidiary SAE Towers has secured orders for the supply of lattice towers, monopoles and hardware from the United States, Brazil, Canada and Mexico. The total value of orders is Rs 196 crore. In Bhutan, the company has received order for supply and construction of 400 kV double circuit transmission line in Wangdue to Jigmeling in Sarpang, Bhutan. The order is secured from the Bhutan Power Corporation and the order value is Rs 180 crore.

In Nepal, the company has received order for design, supply and construction of 132 kV transmission line in Lamahi, Dang, Nepal. The order is secured from the Nepal Electricity Authority and the order value is Rs 32 crore. In India, the company has received order for supply and erection of 400 kV double circuit transmission line between Sagardighi - Behrampore in West Bengal. The order is secured from the Power Grid Corporation of India (PGCIL) and the order value is Rs 32 crore.

In Cables business, the Company has secured orders worth Rs 67 crore for the supply of Power and Telecom Cables.

No comments:

Post a Comment