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Power transmission firm KEC International today said it has secured contracts worth Rs 801 crore from domestic and international vendors.
The scope of contracts includes supply and construction of transmission and cable lines on a turnkey basis, KEC International said in a filing to the Bombay Stock Exchange.
In India, the company has bagged three orders from Power Grid Corporation of India (PGCIL), worth Rs 224 crore and one order from state utility APtransco, valued Rs 84 crore.
In the international markets, KEC International has received orders from Saudi Arabia, South Africa, the US and Brazil, worth Rs 386 crore.
“The geographical and business diversification is helping KEC in securing orders continuously. This year has been very good in terms of our order flow, which provides strong visibility going forward,” KEC International CEO and Managing Director, Mr Ramesh Chandak, said.
The company has also won supply orders in cable areas valued at Rs 107 crore from various customers. All the projects are to be completed within a 12-21 month timeframe.
Shares of the company were quoting at Rs 85.20, a jump of 5.06 per cent, from their previous close on the BSE today.
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