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11-Dec2012

KEC International trades with traction on the bourses

KEC International is currently trading at Rs. 66.30, up by 0.60 points or 0.91% from its previous closing of Rs. 65.70 on the BSE.

The scrip opened at Rs. 66.50 and has touched a high and low of Rs. 67.90 and Rs. 66.10 respectively. So far 22118 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 80.70 on 29-Oct-2012 and a 52 week low of Rs. 31.80 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 69.40 and Rs. 64.70 respectively. The current market cap of the company is Rs. 1709.64 crore.

The promoters holding in the company stood at 44.51% while Institutions and Non-Institutions held 39.59% and 15.89% respectively.

KEC International (KEC), a global infrastructure EPC major, an RPG Group company, has secured new orders worth Rs 612 crore in its Transmission, Power Systems, Cables and Water businesses.

The company's Transmission Business has secured Rs 210 crore order in India from Power Grid Corporation of India (PGCIL) for supply and erection of 765 kilovolts (kV) single circuit transmission lines between Meerut (Uttar Pradesh) and Moga (Punjab) on turnkey basis. The project duration is 24 months. In the current financial year so far, the company has highest market share of approximately 28% in PGCIL's transmission line contracts.

Further, KEC International's wholly owned subsidiary SAE Towers has secured various orders worth Rs 224 crore in America for supply of lattice towers to Brazil, Mexico and United States.

Under the Power Systems Business, the company continues to expand its geographical footprints. It has entered Uganda by securing Rs 53 crore-order for design, supply and construction of 33 kV distribution lines and associated low voltage networks on turnkey basis. The order is secured from the Rural Electrification Board of the Ministry of Energy and Mineral Development of Uganda. The project duration is 12 months.

Under its Cable Business, the company has secured various orders for supply of power and telecom cables worth Rs 81 crore. Further, the company has bagged order worth Rs 44-crore under its Water Business from NTPC for establishment of water system civil works for super thermal power project in Solapur, Maharashtra. The project duration is 30 months.

 


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