KEC wins Rs 1,038 crore Saudi Arabia substation order
KEC · price
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On the reaction day the stock moved 0.2 pts less than Nifty Smallcap 250 and 0.2 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 secured a Rs 1,038 crore order to design, supply and install a 380 kV gas-insulated substation in Saudi Arabia. It is the company's largest substation order so far. Year-to-date order intake has crossed Rs 16,000 crore, up about 20 percent, supported by recent wins in the power transmission business.
The overseas win adds future work and strengthens KEC's Middle East presence, which may support the stock. Execution costs and margins are not disclosed.