KEC Intl buzzes on order win

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: 

Urban Transport:

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.