KEC Worldwide Ltd. introduced on Thursday that it has secured new contracts value Rs 1,423 crore for the design, provide, and set up of 380 kV transmission traces in Saudi Arabia.
“These orders in Saudi Arabia, together with the sooner orders within the UAE and Oman, have additional strengthened our management within the Center East and considerably enhanced our worldwide T&D order guide,” stated Vimal Kejriwal, managing director and chief govt officer.
He added that with these orders, the corporate’s year-to-date order consumption stands at over Rs 11,300 crores, a progress of roughly 75% in comparison with final yr through the trade submitting.
KEC Worldwide knowledgeable the inventory exchanges about securing two orders value Rs 1,171 crore within the Center East. The corporate had earlier this week received one other order of Rs 1,079 crore in August.
The corporate has additionally set a excessive bar for its monetary yr, focusing on an order influx of Rs 25,000 crore. It has already secured orders near Rs 10,000 crore in fiscal 2025 to date, in line with Kejriwal.
“So far as the order pipeline is anxious this monetary yr, we already bought orders near Rs 10,000 crore, and we’re L1 in one other Rs 7,500 crore. Our said announcement is that we needs to be doing Rs 25,000 crore of order consumption for this yr,” he informed NDTV Revenue.
Shares of the corporate closed 5.97% increased at Rs 987.75 per share, in comparison with a 0.21% decline within the NSE Nifty 50. The inventory has risen 49.72% year-to-date and 67.64% over the previous 12 months.
