KEC International secures orders worth `1,044cr-- Angel Broking,

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KEC International secures orders worth `1,044cr
KEC International (KEC) has bagged orders worth `1,044cr in various segments. In the
domestic T&D segment, the company has secured a turnkey order for 33/11kV substations
and distribution lines from Madhya Pradesh Paschim Kshetra Vidhyut Vitaran Company
Ltd. valued at `233cr. In the international T&D segment, the company has won orders
from Saudi Arabia, Ghana and Kuwait totaling `499cr.
In addition to the above, KEC’s wholly owned subsidiary, SAE towers has secured orders
worth `90cr to supply transmission towers to North America and South America. The
company has also secured additional orders from its current projects in Saudi Arabia and
Abu Dhabi worth `49cr. In the railways segment, the company has bagged its first railway
sliding order worth `13cr. In the cables and water segments, the company has secured
orders worth `112cr and `48cr, respectively. The order intake for 1QFY2012 so far stands
at `1,600cr. We remain positive on the stock and maintain our Buy recommendation with
a target price of `115.