KEC International rallies 8% to 52-week high on bagging Rs 816-crore orders

 

The share price of KEC International zoomed 8 percent to a 52-week high of Rs 795.25 in the opening trade on April 4 after the company bagged Rs 816-crore orders across its various businesses.

At 9:22am, KEC International was quoting Rs 785.95, up Rs 57.40, or 7.88 percent, on the BSE.

Its civil business has secured orders for infrastructure projects in India, including setting up of a steel plant in North India, building a cement plant in Central India and setting up a plant for carbon derivates in East India.

The company's transmission and distribution (T&D) business has secured orders for supply of towers in the US, while the cable business has been tasked to supply of various types of cables in Indian and overseas markets.