KEC International is doing pretty well today morning; in fact it was a gainer on Friday and now today, gaining 4% over these 2 sessions. Today, it opened 3.5% higher at Rs.308.90, its intraday high.
The company had announced this news on Friday afternoon but it continues to react today too. It has secured new orders of Rs. 1,520 crore across its various businesses:
This business has secured an order of Rs. 964 crore for the construction of elevated viaduct along with 8 stations of the Delhi Metro Phase IV project, from Delhi Metro Rail Corporation (DMRC).
Transmission & Distribution:
The business has secured two orders of Rs. 391 crore for construction of 400 kV Transmission lines in Nepal.
Railways: The business has secured an order of Rs. 165 crore for construction of Road Over Bridges (ROBs) in Western India.