KEC International wins two new orders worth Rs 95 crore

KEC International wins two new orders worth Rs 95 croreKEC International, one of the largest Power Transmission EPC companies in the world, has received two new orders worth Rs 95 crore in Mozambique and Namibia.
According to an official statement, the first order, which is for Mozambique includes construction of a 100 km-110 kv transmission line and substation in Cabo Dalgado region.
 KEC said that, it has picked the latest order through company's joint venture in Saudi Arabia. The order is scheduled to be completed within 18 months. While, the second order which is for Namibia, includes installing a 207 km cable and hardware accessories or 220kV D/C Van Eck - Osona - Omburualong & Khan-Rossing.

The project is expected to be completed in six months time. The company believes that winning of latest order will strengthen its presence in the Southern African Region.
The company's current order book stands at over Rs 5200 crore. Last week, the company has bagged two orders worth Rs 291 crore from Power Grid Corporation of India (PGCIL).

At 2:05 p. m., the shares of the company were up 4 percent at Rs 220, in the Mumbai market. The scrip has touched an intraday high and low of Rs 222 and Rs 211 respectively.