KEC International up 7%
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:
The business has secured orders for building a Data Centre and for infra works in the Hydrocarbon segment in India.
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.