 "KEC, KEC International")
KEC International has soared 7% to Rs 372 on BSE after the company announced that it has secured new orders of Rs 20.35 billion across its businesses.
“The increased capital outlays for capacity creation in railways announced in the 2018 Union Budget augurs well for the business and we see it as a major growth driver in the coming years. These new orders and a strong L1 pipeline give us confidence to achieve our growth targets,” said Vimal Kejriwal, MD & CEO, KEC International.
The company’s railways business has secured three composite orders aggregating to Rs 17.69 billion
“The increased capital outlays for capacity creation in railways announced in the 2018 Union Budget augurs well for the business and we see it as a major growth driver in the coming years. These new orders and a strong L1 pipeline give us confidence to achieve our growth targets,” said Vimal Kejriwal, MD & CEO, KEC International.
The company’s railways business has secured three composite orders aggregating to Rs 17.69 billion
