KEC International secures orders worth `400cr:: Angel Broking,

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KEC International secures orders worth `400cr
KEC International (KEC) has bagged orders totaling `400cr in the T&D and cables
segments. In the domestic T&D segment, the company has secured orders for
200kV/400kV circuit transmission lines from CESC Ltd., DB Power Ltd. and Punjab State
Transmission Corporation Ltd. The orders are valued at `200cr and the completion time
ranges from 12-15 months.
KEC’s wholly owned subsidiary, SAE Towers has secured orders worth `150cr to supply
transmission towers to North America and South America. In addition to the above, KEC
has secured orders for power and telecom cables worth `50cr.
KEC continues to maintain its edge in the tough business environment by bagging orders
in such an environment. With these orders, the order book stands at `9,000cr (2x FY2011
revenue). We remain positive on the stock and maintain our Buy rating with a target price
of `107.