KEC International is having a volatile day. It rose over 3% to hit an intraday high at Rs.335.40 but from there, profit booking and overall moods of the market took over and the stock dived down 2.5% to Rs.317 and trades in the red.
The initial positive reaction to its winning of order to the tune of Rs.1401 crore. These orders were:
Transmission & Distribution:
The T&D business including SAE Towers has secured orders of Rs.1,143 crore for various T&D projects from Oman Electricity Transmission, Power Grid Corporation of India and others.
The Railways business has secured orders of Rs. 120 crore for Overhead Electrification/Civil works in India.
The Smart Infra business has secured orders of Rs. 48 crore in the Defence segment in India.
The Cables business has secured orders of Rs. 90 crore for supply of various types of cables/cabling projects in India and overseas.