KEC International Wins Rs. 10.14 bn T&D Orders in India
POWER & RENEWABLE ENERGY

KEC International Wins Rs. 10.14 bn T&D Orders in India

KEC International has secured new orders worth Rs. 10.14 bn in India’s transmission and distribution (T&D) business, the company said on October 10. The awards include its first order to establish a 765 kV transmission line for evacuating electricity from a pumped storage plant in Western India.

The company said the orders were received in the normal course of business. In separate filings with the National Stock Exchange of India and BSE, Suraj Eksambekar, company secretary and compliance officer, confirmed that the projects mentioned in the announcement formed part of routine business operations.

The pumped storage plant-related project was awarded by an existing client, according to KEC International. The company said the order represented an important milestone for its T&D business as it addresses rising power infrastructure requirements linked to the renewables sector.

With the latest awards, KEC International’s order intake for the year to date has exceeded Rs. 96 bn. The company operates as an infrastructure engineering, procurement and construction (EPC) provider across power transmission and distribution, civil infrastructure, transportation, renewable energy, oil and gas pipelines, and cables and conductors.

KEC International is the flagship company of the RPG Group and has a presence in more than 110 countries through EPC projects and the supply of towers and cables. Its latest order win adds to its activity in India’s power infrastructure market and expands its involvement in projects supporting renewable energy evacuation.

Shares of KEC International closed at Rs. 365.75 on the NSE on October 10, up Rs. 16.15, or 4.62 per cent, from the previous close. The stock’s movement followed the company’s announcement of the new orders and the update on its year-to-date order intake.

KEC International has secured new orders worth Rs. 10.14 bn in India’s transmission and distribution (T&D) business, the company said on October 10. The awards include its first order to establish a 765 kV transmission line for evacuating electricity from a pumped storage plant in Western India. The company said the orders were received in the normal course of business. In separate filings with the National Stock Exchange of India and BSE, Suraj Eksambekar, company secretary and compliance officer, confirmed that the projects mentioned in the announcement formed part of routine business operations. The pumped storage plant-related project was awarded by an existing client, according to KEC International. The company said the order represented an important milestone for its T&D business as it addresses rising power infrastructure requirements linked to the renewables sector. With the latest awards, KEC International’s order intake for the year to date has exceeded Rs. 96 bn. The company operates as an infrastructure engineering, procurement and construction (EPC) provider across power transmission and distribution, civil infrastructure, transportation, renewable energy, oil and gas pipelines, and cables and conductors. KEC International is the flagship company of the RPG Group and has a presence in more than 110 countries through EPC projects and the supply of towers and cables. Its latest order win adds to its activity in India’s power infrastructure market and expands its involvement in projects supporting renewable energy evacuation. Shares of KEC International closed at Rs. 365.75 on the NSE on October 10, up Rs. 16.15, or 4.62 per cent, from the previous close. The stock’s movement followed the company’s announcement of the new orders and the update on its year-to-date order intake.

Related Stories

Gold Stories

Next Story
Real Estate

Born Smart or Built Smart?

In residential projects where the homeowner has a clear requirement for extensive automation, the smart-home brief should influence the design from the outset. CW explores exactly how such mandates influence design-development. QUICK BYTESIntegrate smart technology with architecture, interiors and MEP from the outset.Let residents’ needs and routines guide automation.Integrate sensors, wiring and controls without compromising design.Build flexible infrastructure for evolving technologies.Smart systems should be simple, reliable and easy to use.Existing homes can be retrofitted with mini..

Next Story
Technology

Move Less, Build More

On high-rise sites in Mumbai, until a few years ago, the common material handling solution was manpower and the repeated relocation of material until it finally reached the floor where it was to be installed.Cut to today. “Now, we are adopting automation in material handling, not to replace people but to reduce unnecessary movement, improve planning, and use people and equipment more efficiently,” says Raahul Maroo, Founder & Managing Director, Tat:vm Builders and Developers.To read the full article Click Here ..

Next Story
Infrastructure Urban

Law and Order

In modern economies, construction projects serve as a catalyst for economic growth and national development. In India, the construction industry plays a vital role in infrastructure development, urbanisation and employment generation. However, these projects involve significant financial, contractual, legal, environmental and safety risks, necessitating an effective legal framework to regulate their execution.The India perspectiveConstruction projects are governed by various legal and regulatory requirements relating to land acquisition, planning permissions, labour welfare, environmental clea..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code