KEC Int Bags Orders Worth Rs 291 Cr; Stock Surges 2.8%
Power equipment manufacturer KEC International announced that it has bagged orders worth Rs 291 crore from Power Grid of India for setting up transmission lines in Madhya Pradesh and Assam.
The company said that the first order is for the supply and creation of 765 kv Satna-Bina line and another 400 kv line at Bina associated with ATS for the Sasan Ultra Mega Power Project in Madhya Pradesh.
The other project consists of two 400 kv and one 132 kv transmission lines between Balipara-Biswanath and Depota-Gohpur in Assam.
The company said that both the orders have to be finished by November 2011.
Vardhan Dharkar, chief financial officer, KEC Int’ said that the company’s current order book stands at Rs 50 billion.
KEC International pocketed domestic orders worth Rs 1,200 crore from PGCIL, RGGVY and Railways during the last two months.
At 03:32 pm the shares of KEC were trading 2.8% higher at Rs 139.50 on the BSE.