KEC International has secured new orders of Rs. 1,423 crore for Design, Supply and Installation of 380 kV Transmission Lines in Saudi Arabia. Vimal Kejriwal, MD & CEO, KEC International commented, 'We are happy with the continuous inflow of orders, especially in our T&D business. These orders in Saudi Arabia along with the earlier orders in UAE and Oman have further reinforced our leadership in the Middle East and substantially enhanced our international T&D order book. With these orders, our YTD order intake stands at over Rs 11,300 crores, an impressive growth of ~75% compared to last year.'Powered by Capital Market - Live

Vimal Kejriwal, MD & CEO of KEC International said, 'We are happy with the continuous inflow of orders, especially in our T&D business. These orders in Saudi Arabia along with the earlier orders in UAE and Oman have further reinforced our leadership in the Middle East and substantially enhanced our international T&D order book. With these orders, our YTD order intake stands at over Rs 11,300 crore, an impressive growth of about 75% compared to last year.' KEC International is a global infrastructure engineering, procurement and construction (EPC) major. It has presence in the verticals of Power transmission and distribution, railways, civil, urban infrastructure, solar, Oil & gas pipelines, and cables. The company's consolidated net profit surged to Rs 87.58 crore in the quarter ended June 2024 as against Rs 42.33 crore during the previous quarter ended June 2023. Sales rose 6.32% to Rs 4511.89 crore in Q1 FY25 as compared to Q1 FY24. The counter hit an all time high of Rs 1,039 in today's intraday session. Powered by Capital Market - Live

Securities in F&O ban : Bandhan Bank, Biocon, Chambal Fertilisers and Chemicals, Aditya Birla Fashion and Retail, Balrampur Chini Mills, Hindustan Copper, RBL Bank. New Listing: Bazaar Style Retail will debut on the stock exchanges. The IPO opened between 30 August 2024 to 3 September 2024. The price band of the IPO was between Rs 370 to Rs 389 per share. The issue was subscribed 40.66 times. Stocks to watch: KEC International received new orders worth Rs 1,423 crore fro the supply and installation of 380 KV transmission lines in Saudi Arabia. Rashtriya Chemicals and Fertilizers (RCF)'s board approved the issue of secured/unsecured non convertible debentures aggregating to Rs 1,400 crore in the period of next twelve months through a private placement basis. Medplus Health Services' subsidiary, Optival Health Solutions has received two suspension orders for drug licenses for stores situated in Bangalore, Karnataka. Akzo Nobel India has commenced the commercial production of powder coating products from its plants at Gwalior with an installed production capacity of 1566 T per annum. Aptus Value Housing Finance's board approved the alloment of 10,000 non convertible debentures (NCDs) of Rs 1 lakh each amounting to Rs 100 crore through private placement. Camlin Fine Sciences' board will meet on 10 September 2024, to consider raising funds via right issue of equity shares. Finolex Cables' Nikhil Naik has stepped down as chairman of the company. The board has appointed Ratnakar Barve as chairman. Pidilite Industries has entered into exclusive distribution agreement with CollTech Group which manufactures adhesives and thermal management solutions. The company will serve as the exclusive distributor of CollTech's Products in India.Powered by Capital Market - Live

JM Financial Ltd, Aarti Pharmalabs Ltd, TV18 Broadcast Ltd and Godfrey Phillips India Ltd are among the other gainers in the BSE's 'A' group today, 29 August 2024.K E C International Ltd surged 9.30% to Rs 948 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 3.98 lakh shares were traded on the counter so far as against the average daily volumes of 26480 shares in the past one month. JM Financial Ltd soared 8.15% to Rs 110.1. The stock was the second biggest gainer in 'A' group. On the BSE, 11.06 lakh shares were traded on the counter so far as against the average daily volumes of 4.2 lakh shares in the past one month. Aarti Pharmalabs Ltd spiked 7.77% to Rs 704.6. The stock was the third biggest gainer in 'A' group. On the BSE, 1.1 lakh shares were traded on the counter so far as against the average daily volumes of 16647 shares in the past one month. TV18 Broadcast Ltd gained 7.76% to Rs 51.66. The stock was the fourth biggest gainer in 'A' group. On the BSE, 56.65 lakh shares were traded on the counter so far as against the average daily volumes of 12.33 lakh shares in the past one month. Godfrey Phillips India Ltd advanced 7.29% to Rs 6231. The stock was the fifth biggest gainer in 'A' group. On the BSE, 27422 shares were traded on the counter so far as against the average daily volumes of 16723 shares in the past one month. Powered by Capital Market - Live

The company has bagged contracts for setting up 400 kV Transmission line in the United Arab Emirates (UAE) and 380 kV Transmission line in Saudi Arabia. Vimal Kejriwal, MD & CEO, KEC International, said: We are delighted with the ongoing success in our T&D business, highlighted by a series of significant order wins. The sustained inflow of orders in the Middle East has substantially expanded our International T&D order book. With the above orders, our YTD order intake stands at ~Rs 10,000 crores, a stellar growth of 80% compared to last year. These orders, coupled with the orders announced earlier during the year, reaffirm our confidence in achieving the targeted growth going forward. KEC International is a global infrastructure engineering, procurement and construction (EPC) major. It has presence in the verticals of Power transmission and distribution, railways, civil, urban infrastructure, solar, Oil & gas pipelines, and cables. The company's consolidated net profit surged to Rs 87.58 crore in the quarter ended June 2024 as against Rs 42.33 crore during the previous quarter ended June 2023. Sales rose 6.32% to Rs 4511.89 crore in Q1 FY25 as compared to Q1 FY24. Powered by Capital Market - Live

The company's T&D business has bagged contract for setting up transmission lines from a reputed private developer in India and from clients in Saudi Arabia and Oman. It has received an orders for upgrading an existing transmission line in the United Arab Emirates (UAE) and for supplying towers, hardware and poles to a client in Americas. The cables business has secured orders for supply of various types of cables in India and overseas. Vimal Kejriwal, MD & CEO, KEC International, commented: 'We are pleased with the continuous inflow of orders, particularly in our T&D business. The prestigious order in India T&D from a private developer has enhanced our presence in the India T&D market and further diversified our clientele. The significant orders across Saudi Arabia, Oman and the UAE have substantially expanded our International T&D order book in the Middle East. With these orders, our YTD order intake has surpassed Rs 8,700 crore, reflecting an impressive growth of nearly 60% compared to last year.' KEC International is a global infrastructure engineering, procurement and construction (EPC) major. It has presence in the verticals of Power transmission and distribution, railways, civil, urban infrastructure, solar, Oil & gas pipelines, and cables. The company's consolidated net profit surged to Rs 87.58 crore in the quarter ended June 2024 as against Rs 42.33 crore during the previous quarter ended June 2023. Sales rose 6.32% to Rs 4511.89 crore in Q1 FY25 as compared to Q1 FY24. Powered by Capital Market - Live

The company's T&D business has bagged contract for setting up transmission lines from a reputed private developer in India and from clients in Saudi Arabia and Oman. It has received an orders for upgrading an existing transmission line in the United Arab Emirates (UAE) and for supplying towers, hardware and poles to a client in Americas. The cables business has secured orders for supply of various types of cables in India and overseas. Vimal Kejriwal, MD & CEO, KEC International, commented: 'We are pleased with the continuous inflow of orders, particularly in our T&D business. The prestigious order in India T&D from a private developer has enhanced our presence in the India T&D market and further diversified our clientele. The significant orders across Saudi Arabia, Oman and the UAE have substantially expanded our International T&D order book in the Middle East. With these orders, our YTD order intake has surpassed Rs 8,700 crore, reflecting an impressive growth of nearly 60% compared to last year.' KEC International is a global infrastructure engineering, procurement and construction (EPC) major. It has presence in the verticals of Power transmission and distribution, railways, civil, urban infrastructure, solar, Oil & gas pipelines, and cables. The company's consolidated net profit surged to Rs 87.58 crore in the quarter ended June 2024 as against Rs 42.33 crore during the previous quarter ended June 2023. Sales rose 6.32% to Rs 4511.89 crore in Q1 FY25 as compared to Q1 FY24. The scrip had risen 1.39% to end at Rs 840 on the BSE on Friday. Powered by Capital Market - Live

KEC International has secured new orders of Rs. 1,079 crores in Transmission & Distribution (T&D) and Cables businesses: Transmission & Distribution (T&D): The business has secured orders for T&D projects in India, Middle East and Americas: ' 765 kV/ 400 kV Transmission lines order from a reputed private developer in India ' 230/132 kV Transmission line orders in Saudi Arabia and Oman ' Upgradation of an existing 400 kV Transmission Line in the United Arab Emirates (UAE) ' Supply of towers, hardware and poles in Americas Cables: The business has secured orders for supply of various types of cables in India and overseas. Powered by Capital Market - Live

KEC International announced that the Annual General Meeting (AGM) of the company will be held on 22 August 2024.Powered by Capital Market - Live