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KEC International spurts after fresh order win

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KEC International secured new orders worth Rs 2,255 crore across its various businesses.

The company announced during trading hours today that it secured orders of Rs 885 crore for transmission & distribution projects from Power Grid Corporation, Tamil Nadu Transmission Corporation and Karnataka Power Transmission Corporation.

Further, the urban transport business segment has secured an order of Rs 853 crore for the construction of elevated viaduct along with 10 stations of the Delhi Metro Phase IV project, from Delhi Metro Rail Corporation (DMRC).

The railways business has secured an order of Rs 517 crore for the construction of roadbeds, major and minor bridges and associated civil works, from Rail Vikas Nigam (RVNL) in India.

KEC International reported a 42% increase in consolidated profit after tax to Rs 139 crore in Q2 September 2019 as against Rs 98 crore in Q2 September 2018. Revenues increased by 17% to Rs 2809 crore in Q2 September 2019 as against Rs 2408 crore in Q2 September 2018.

Shares of KEC International were trading 1.42% higher at Rs 277.85 on BSE.

KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major. It has presence in the verticals of Power Transmission and Distribution, Railways, Solar, Civil, Smart Infrastructure and Cables.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, November 13 2019. 15:21 IST