KEC International secures Rs. 1,357 crore deal

Global Infrastructure EPC major, KEC International Limited, a subsidiary of RPG Group, has secured an order of Rs. 1,357 crore.

The company has secured Rs.1,234 crore for Transmission and Distribution (T&D) across India, Middle East, Africa, SAARC, North America and South America. The cable business of the company has secured orders of Rs. 123 crore for various types of cables. With this said order win, the company now has direct entry into the Americas T&D market, apart from the presence of its wholly-owned subsidiary in Brazil through SAE Towers.

On Wednesday, the company hit an intraday high of Rs. 354 per share and an intraday low of Rs.343 per share. Its 52-week high is Rs.442.60 and 52-week low is Rs. 273 per share on the BSE.

At 10:35 hours, the share was trading at Rs 344.15 per share, up by 2.01 per cent. The BSE Sensex was trading at 36,328.86 level, up by 0.24 per cent and Nifty50 at 10,973.65 level, up by 0.24 per cent.