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infrastructure | IST

KEC International shares rise on winning orders worth Rs 1,500 crore

Mini

KEC International received orders of Rs 964 crore for the construction of elevated viaduct along with 8 stations of the Delhi Metro Phase IV project from Delhi Metro Rail Corporation (DMRC).

KEC International shares advanced over 3 percent on Monday after the company disclosed that it has bagged orders worth Rs 1,520 crore across business lines. Shares rose as much as 3.4 percent to Rs 308.9 per share on the BSE  intraday.
KEC International received orders of Rs 964 crore for the construction of elevated viaduct along with 8 stations of the Delhi Metro Phase IV project from Delhi Metro Rail Corporation (DMRC).
Two orders worth Rs 391 crore came from Nepal for construction of 400 kV transmission lines. Indian Railways awarded a Rs 165 crore order for construction of road overbridges (ROBs) in Western India.
Managing director and CEO Vimal Kejriwal said, “The DMRC orders are for 30 months, the rest are ranging from 12-24 months. Margin would be around 10 percent.”
“Our order intake till now is slightly above Rs 8,500 crore and we do hope that we should be able to maintain what we did last year of around Rs 14,000 crore,” he added.