KEC International in limelight
KEC International opened over 2% higher at Rs.471.50, going up further to hit an intraday high at Rs.484.95 with a four-times rise in volumes. Its 52-week is at Rs.550.
The stock price rose after the company reported Friday evening that it has secured new orders of Rs 1,025 crore.
These orders are across its various businesses, including transmission and distribution (T&D). The business has secured orders for T&D projects in India and the Middle East for 400 kV transmission line and 400/220 kV substation order in India, from a leading private developer under Tariff Based Competitive Bidding (TBCB) route, and a 380-kV transmission line order from Saudi Electricity Company (SEC).
The orders also include 2 x 25 kV overhead electrification (OHE) from the railways and associated works for speed upgrade in India.
The other businesses from which the company has bagged orders include oil and gas pipelines and smart infrastructure.