KEC International, a leading player in the power transmission engineering, procurement and construction business, has revealed that the company is looking for contracts worth more than Rs 800 crore in the coming quarter.

According to the sources, the company expects a major chunk of order from overseas market.

While commenting on the orders, Mr. Ramesh Chandak, Manging director and CEO stated, “We expect our overseas orders in the next quarter of this fiscal to be at over Rs 500 crore.”

The overseas orders would mainly emanate from its traditionally strong markets of Africa and the Middle-East, Chandak said.

The reports revealed that in the past, the company bagged prestigious contracts from South Africa and Namibia in Africa and from Oman, Saudi Arabia and the UAE in the Middle-East.

The reports further said that KEC is increasingly aiming on railway and village electrification and telecom. The company expects the remaining part of this year to be brighter than the second quarter, mainly on account of increased execution of projects in the coming quarters.

Stock of KEC International closed at Rs 140, plunged 19.98 percent on National Stock Exchange (on Friday, 24 October ). The total volume of shares traded on NSE was 118,476.