Shares of KEC Worldwide Ltd had been buying and selling within the inexperienced and 1% increased on 16 October after the corporate introduced receiving a brand new order for the set up of a 380 kV GIS substation in Saudi Arabia.
In its regulatory submitting, the corporate stated, “KEC Worldwide has secured a brand new order of Rs 1,038 crore for design, provide and set up of 380 kV GIS substation in Saudi Arabia.”
Vimal Kejriwal, MD & CEO, KEC Worldwide, stated, “We’re delighted with the successive order wins in our T&D enterprise. In a landmark achievement, we now have secured our largest ever substation order. This prestigious order within the Center East has widened our portfolio and strengthened our presence within the area. With this strategic win, our YTD order consumption has surpassed Rs 16,000 crore, representing a wholesome development of ~20%.”
Earlier this week, the corporate acquired a contemporary order for Rs 1,064 crore for the design, provide, and set up of a 380 kV transmission line in Saudi Arabia, in addition to Rs 1,174 crore for transmission and distribution initiatives in India and the Center East.
Final week, the corporate acquired contemporary orders totalling Rs 1,102 crore throughout a number of firms.
At 12:50 pm, the shares of KEC Worldwide had been buying and selling 0.11% increased at Rs 853.45 on NSE.
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