KEC International bags Rs 2,518 cr orders across businesses
KEC · price
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On the reaction day the stock moved in line with Nifty Smallcap 250 and 0.8 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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KEC International has secured new orders worth Rs. 2,518 crores across its Civil, Transportation, T&D, and Cables & Conductors businesses. Civil won its largest-ever commercial real estate order from a leading developer in Western India. Transportation bagged a TCAS/Kavach order for Indian Railways. T&D got orders in Africa, Europe, and the Americas. MD & CEO Vimal Kejriwal called it a significant milestone, noting T&D recovery in Africa.
Strong diversified order inflows boost revenue visibility; marquee client addition and international expansion are positives for shareholders.