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KEC International secures orders worth `379cr
KEC International has bagged orders totaling to `379cr in the transmission as well as BoP
segments. Valued at `339cr, the scope of the two orders received from PGCIL include the
supply and construction of single and double circuit 765kV lines for projects in Orissa and
MP, respectively. These projects are part of PGCIL’s plan for inter-regional system
strengthening and the evacuation of power from the various integrated power plants coming
up in the region. The company has also marked its entry in the BoP segment by securing an
order worth `40cr from NMDC, Chattisgarh, for the construction and commissioning of
132/33/6.6/0.433kV power supply system, which includes civil and structural works on turnkey
basis. The total contract period is nine months. Post the above order inflows, KEC
International’s order accretion in the last one month aggregates to `2,000cr. We maintain
our Buy view on the stock with a Target Price of `130.
India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details �� ��
KEC International secures orders worth `379cr
KEC International has bagged orders totaling to `379cr in the transmission as well as BoP
segments. Valued at `339cr, the scope of the two orders received from PGCIL include the
supply and construction of single and double circuit 765kV lines for projects in Orissa and
MP, respectively. These projects are part of PGCIL’s plan for inter-regional system
strengthening and the evacuation of power from the various integrated power plants coming
up in the region. The company has also marked its entry in the BoP segment by securing an
order worth `40cr from NMDC, Chattisgarh, for the construction and commissioning of
132/33/6.6/0.433kV power supply system, which includes civil and structural works on turnkey
basis. The total contract period is nine months. Post the above order inflows, KEC
International’s order accretion in the last one month aggregates to `2,000cr. We maintain
our Buy view on the stock with a Target Price of `130.
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