KEC International up 7%

about 1 month ago
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KEC International is in news today after it announced getting cumulative orders to the tune of Rs.1349 crore across its various businesses.

The orders are as under:

Transmission & Distribution (T&D):

• HVDC project in India, from a leading private player – KEC’s first project in the segment of HVDC Terminal Station in India

• 400 kV Overhead Transmission line in Kuwait

• 132 kV Underground Cabling order in Nepal

• Supply of towers in the United States of America Civil:

Civil:

The business has secured orders for building a Data Centre and for infra works in the Hydrocarbon segment in India.

Cables:

The business has secured orders for various types of cables in India and overseas.

The stock price has reacted positively to the news, opening 6% higher at Rs.496 and rising up further to an intraday high at Rs.501.

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