CapitalMarket.com - New orders boost KEC International
Hot Pursuit Friday, July 27, 2012 12:14 Hrs IST

Print this page


New orders boost KEC International

KEC International jumped 2.72% to Rs 56.55 at 12:14 IST on BSE after the company said it has secured new orders aggregating Rs 740 crore spread across its Transmission, Power Systems, Railways and Cable businesses.

The company announced the new orders during trading hours today, 27 July 2012.

Meanwhile, the BSE Sensex was up 313.98 points or 1.89% to 16,953.80.

On BSE, 44,000 shares were traded in the counter as against average daily volume of 37,491 shares in the past one quarter.

The stock hit a high of Rs 58 and a low of Rs 55 so far during the day.

The stock had underperformed the market over the past one month till 26 July 2012, falling 2.22% compared with the Sensex's 1.58% fall. The scrip had also underperformed the market in past one quarter, sliding 9.75% as against Sensex's 2.87% fall.

In Transmission business, the company secured an order worth Rs 53 crore from the Power Grid Company of Bangladesh (PGCB). The project duration is 18 months. The company's wholly-owned subsidiary, SAE Towers secured various orders aggregating Rs 180 crore from Americas (US, Canada, Mexico, and Brazil).

In Power Systems business, the company secured an order worth Rs 75 crore from Sarawak Energy Berhad (SEB), Malaysia. The project duration is approximately 20 months. Another order is from Kenya Power and Lighting Company (KPLC) worth Rs 28 crore. The duration of this project is 15 months.

In Railway business, the company secured an order from the Ministry of Railway Transport of Turkmenistan. This project is secured in consortium with a company based in the CIS region. The project worth is Rs 588 crore in which KEC's share is Rs 192 crore. The project duration is 18 months. KEC International said this is the largest ever railway order for the company. With the entry in Turkmenistan, the company has expanded its footprint in CIS region. The company already has presence in Kazakhstan, Tajikistan and Georgia in this region, KEC International said in a statement.

In Cable business, the company secured various orders for supply of power cables and telecom cables. The total value of these orders is Rs 212 crore.

KEC International's consolidated net profit fell 5.3% to Rs 74.42 crore on 32.1% growth in net sales to Rs 2018.18 crore in Q4 March 2012 over Q4 March 2011.

KEC International is a global infrastructure engineering, procurement and construction (EPC) company. It has presence in the verticals of power transmission, power systems, cables, railways, telecom and water. The company has powered infrastructure development in 46 countries across South Asia, Middle East, Africa, Central Asia and Americas. It is a flagship company of the RPG Group.

Previous Stories
More 4
Other Stories
4  Crompton Greaves corrects on profit booking (23-May 13:19 Hrs IST)
4  Volumes jump at Jet Airways (India) counter (23-May 12:46 Hrs IST)
4  Hindalco slips after twin bulk deals (23-May 12:14 Hrs IST)
4  Ranbaxy slumps as Daiichi says misled over probes (23-May 12:10 Hrs IST)
4  L&T slumps 8.51% in two days on poor Q4 outcome (23-May 11:28 Hrs IST)
4  SBI slips ahead of FY13 results (23-May 11:21 Hrs IST)
4  Oracle Financial jumps as OFS receives strong response (23-May 10:57 Hrs IST)
4  Thermax slips after weak Q4 outcome (23-May 09:49 Hrs IST)
4  NCC gains after Q4 net profit spurts (23-May 09:24 Hrs IST)
4  Berger Paints leads gainers in 'A' group (22-May 16:41 Hrs IST)
Next4