KEC Worldwide Ltd. launched on Thursday that it has secured new contracts worth Rs 1,423 crore for the design, present, and arrange of 380 kV transmission traces in Saudi Arabia.
“These orders in Saudi Arabia, along with the earlier orders inside the UAE and Oman, have further strengthened our administration inside the Heart East and significantly enhanced our worldwide T&D order information,” acknowledged Vimal Kejriwal, managing director and chief govt officer.
He added that with these orders, the company’s year-to-date order consumption stands at over Rs 11,300 crores, a progress of roughly 75% as compared with remaining yr via the commerce submitting.
KEC Worldwide educated the stock exchanges about securing two orders worth Rs 1,171 crore inside the Heart East. The company had earlier this week obtained one different order of Rs 1,079 crore in August.
The company has moreover set a extreme bar for its financial yr, specializing in an order inflow of Rs 25,000 crore. It has already secured orders close to Rs 10,000 crore in fiscal 2025 so far, consistent with Kejriwal.
“As far as the order pipeline is anxious this financial yr, we already purchased orders close to Rs 10,000 crore, and we’re L1 in a single different Rs 7,500 crore. Our stated announcement is that we must be doing Rs 25,000 crore of order consumption for this yr,” he knowledgeable NDTV Income.
Shares of the company closed 5.97% elevated at Rs 987.75 per share, as compared with a 0.21% decline inside the NSE Nifty 50. The stock has risen 49.72% year-to-date and 67.64% over the earlier 12 months.
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