KEC International climbs over 1 per cent on attaining new orders across various businesses
KEC International announced during the weekend that it has received new orders across its various businesses. The orders, which amount to up to Rs 1,024 crore in total, have been received in various segments such as transmission & distribution, railways, civil, solar, and cables.
Meanwhile, its transmission & distribution segment has received orders for T&D projects in India, Middle East, Africa and the Americas. The railways' segment has received an order for a doubling project, which includes track linking, signalling & telecommunication (S&T) along with overhead electrification (OHE) works in India.
The company's civil segment has received an order for infra works in the cement segment in the country while the solar segment bagged an order inflow for 13.60 MWp rooftop solar projects in India. Its cable segment has also secured orders for various types of cables/cabling projects in India & overseas.
KEC International is pleased to receive such orders in the midst of global uncertainties. Reports suggest that the order books have strengthened on receiving such orders across domestic & international territories. The railway order would enhance KEC's leadership in the conventional railway segment.
The global engineering, procurement & construction infrastructure company, KEC International is the fastest-growing business group with business interest in the areas of infrastructure, pharma, IT, speciality as well as innovation-led technology businesses.
The stock of KEC International was trading 1.03 per cent up at Rs 366.05 at 1.14 pm on Monday. Moreover, it is moving towards its 52-week high of Rs 386 on BSE.