This mid-cap company wins new orders worth Rs 1,017 crore!

The shares of the company saw a spurt in volume by more than 2 times on BSE. 

KEC International Ltd, a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs 1,017 crore across its various businesses:  

Transmission & Distribution (T&D): The business has secured an order for a 765 kV Transmission line from a private developer in India.  

Civil: The business has secured orders for industrial and residential projects in India.   

Cables: The business has secured orders for various types of cables in India and overseas.  

On Thursday, shares of KEC International Ltd surged 1.64 per cent to an intraday high of Rs 467.95 per share from its previous closing of Rs 460.40. At 03:30 pm, shares of the company ended the day in red, down 1.48 per cent to Rs 453.60 per share.   

KEC International Limited is a power transmission company which is involved in the design, manufacture, supply and construction of turnkey projects of power transmission lines. It is the flagship company of the RPG Group established in 1979.  

Talking about the financials, the company reported positive performance in both its quarterly and annual financial statements. In just 1 year the company has bagged orders worth Rs 22,378 crore; a growth of 30 per cent compared to last year. The shares of the company saw a spurt in volume by more than 2 times on BSE.  

The Board of Directors of the company will be holding a meeting on Thursday, May 04, 2023, for its Audited Financial Results for the quarter and financial year ended March 31, 2023 and declare dividend if any.   

The stock gave multibagger returns of 135 per cent in just 2 years. Investors should keep an eye on this Mid-Cap company for upcoming trading sessions.