KEC International, which had closed on Friday at Rs.430.40, opened higher at Rs.443 and quickly went on to hit a new high at Rs.444.45. Its 20% UC for the day is at Rs.516.45.
The stock is reacting positively to the news that it has secured the following new orders, totaling Rs.1140 crore.
Transmission & Distribution: secured orders of Rs. 963 crore for T&D projects in Middle
East and Africa. Railways: secured an order of Rs. 113 crore for 2 x 25 kV Overhead Electrification (OHE) and associated works for speed upgradation in India.
Civil: secured an order of Rs. 64 crore for infra works in the Hydrocarbon segment in India.