KEC Intl bags orders worth Rs 111 cr from various vendors

Power equipment maker KEC International today said it has bagged three orders worth Rs 111 crore from different companies for power transmission related works.      

KEC has bagged three orders totaling Rs 111 crore in the Middle East and Australia, besides India, it said in a filing to the Bombay Stock Exchange.     

"We are happy that we are bagging orders both in international and domestic market simultaneously. This keeps our order book ticking across the business segments and geographies resulting in a healthy mix," KEC International MD and CEO Ramesh Chandak said.      

The company has received Rs 58-crore order for diversion of transmission lines from TRANSCO in Abu Dhabi in the Middle East. The project is scheduled to be completed in the 18 months.      

In addition to this order, KEC has also bagged variation orders to its existing projects, the filing added.      

In addition to the Abu Dhabi order, the company has also bagged a Rs 26-crore tower supply order to be executed in Tasmania, Australia, it added.      

In the domestic market, the company has bagged a Rs 27- crore transmission line order from West Bengal State Electricity Transmission Company and the project is scheduled to be completed in 18 months, it said.      

Shares of KEC International were trading at Rs 271, up 5.02 per cent on the BSE.