Power Transmission And Distribution

KEC International bags new orders worth Rs 1,114 cr across businesses

KEC International on Monday said it has secured new orders worth Rs 1,114 crore across its various businesses. These businesses include Transmission & Distribution (T&D) under which the company has secured orders for T&D projects in the Middle East and the Americas, according to a statement. The company has bagged a 400 kV Transmission line in Oman and an order for supply of towers, hardware and poles in the Americas. Its civil business secured orders in the industrial segment in India and an order for Metro Overhead Electrification (OHE) works in the technologically enabled segment in the country. The company's cable business has bagged orders for supply of various types of cables in India and overseas. "With these new orders, our YTD (year-to-date) order intake stands at Rs 14,600 crore, reflecting a healthy growth of 50 per cent compared to last year," Vimal Kejriwal, MD & CEO of KEC International, said in the statement. KEC International Ltd, a flagship company of .

Skipper Q3 results: Profit rises two-fold to Rs 20 cr on higher income

Power transmission company Skipper Ltd on Monday posted an over two-fold rise in consolidated net profit at Rs 20.4 crore for December quarter FY24, backed by higher income. It had clocked a net profit of Rs 9.5 crore in October-December FY23, the company said in an exchange filing. Total income surged to Rs 803.8 crore from Rs 446.0 crore a year ago. Expenses were at Rs 777.4 crore as against Rs 436.6 crore in the third quarter last fiscal. Kolkata-based Skipper is one of the leading companies in power transmission and distribution and the polymer segment.

UBS 'double upgrades' Gail India to buy; sees 25% upside in the stock

At the bourses, the stock surged over 3 per cent in intra-day deals to Rs 122.7 on the BSE on Monday. In comparison, the S&P BSE Sensex traded flat at around 66,245 levels

Street Signs: FPIs dial back wagers, grey mkt premiums for IPOs, and more

Foreign portfolio investors (FPIs) have scaled back their bullish bets, nearly triggering a 500-point fall in the Nifty50 Index

Bajaj Electricals to demerge its power transmission & distribution business

Bajaj Electricals Ltd would demerge its power transmission and distribution (T&D) business into a separate company in a move to create a sector-focused firm and streamline the management structure. The board of Shekhar Bajaj-led company on Tuesday approved the scheme of arrangement between Bajaj Electricals (the demerged company) and Bajel Projects Ltd (the resulting company) subject to the approval of shareholders, said a regulatory filing. As per the scheme, 1 equity share of face value of Rs 2 each fully paid-up of Bajel Projects will be issued for every 1 equity share of face value Rs 2 each fully paid-up held by equity shareholders of Bajaj Electricals, it added. "The equity shares of the resulting company shall be listed on BSE and NSE, post the effectiveness of the scheme. The shareholders of the company will be issued equity shares in the resulting company in the same proportion as their holding in the company," it said. The segregation will enable both the companies to ...

A quick report card of govt's infra asset monetisation initiative

While govt has earned about 16% road and power transmission assets against an expected run rate of Rs 88,190 cr in FY22, progress in most other areas has been slow

T&D players gain from rising demand

ABB, Siemens, Alstom gain from equipment focus