KEC International is making waves today; from its close of Rs.664.40, it opened over 5% higher at Rs.698.05 and rose further by 11.5% to hit a new 52-week high at Rs.739.
The stock price surged on news that it has secured new orders of Rs. 1,012 crores across its various businesses:
The business has secured prestigious orders from new clients in the Data centre and FMCG segments in India:
• Building a Data centre in Western India
• Setting up of manufacturing facility for a global FMCG major in Southern India
Transmission & Distribution (T&D):
The business has secured orders for T&D projects in India and Americas:
• 765 kV Transmission line order in India from an existing private client
• Supply of towers, hardware and poles in Americas
The business has secured orders for supply of various types of cables in India and overseas.