K E C International Ltd News Today

EBITDA growth was recorded at 21.6% YoY to ₹374.4 crore from ₹307.9 crore in the corresponding quarter of the previous fiscal.

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The company has executed the agreement with its subsidiary KEC Asian Cables Ltd (KACL) for slump sale of cables business, which is at a value of ₹125 crore.

The decision, dated April 29, 2024, addresses alleged irregularities in financials and VAT reports for the period July 2019–June 2022.

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The orders comprise the supply of towers, hardware, and poles to customers in the Americas and construction of 220 kV transmission lines in the CIS region.

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The civil division received contracts in India's industrial sector. In the railways sector, the company received a contract for OHE work.

EBITDA increased by 16.7% to ₹320.2 Crore in the second quarter of this fiscal year, up from ₹274.4 Crore in the same period last year.

On September 26, the business announced the issuance of 91,11,630 equity shares with a face value of ₹2, raising ₹870.16 Crore via a QIP.