BAGGED ORDERS WORTH RS 1,520 CRORE ACROSS BUSINESS LINES; Vimal Kejriwal, CEO

 KEC International shares advanced over 3 percent after the company disclosed

that it has bagged orders worth Rs 1,520 crore across business lines.

 Company received orders of Rs 964 crore for the construction of elevated

viaduct along with 8 stations of the Delhi Metro Phase IV project from Delhi

Metro Rail Corporation (DMRC). Two orders worth Rs 391 crore came from

Nepal for construction of 400 kV transmission lines. Indian Railways awarded a

Rs 165 crore order for construction of road overbridges (ROBs) in Western India.

 DMRC orders are for 30 months, the rest are ranging from 12-24 months.

Margin would be around 10 percent.

 Order intake till now is slightly above Rs 8,500 crore and do hope that company

should be able to maintain what it did last year of around Rs 14,000 crore.

Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.

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