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.

No comments