Rs 22,378 crore orders in just 1 year: This mid-cap company wins new orders of Rs 1,213 crore!
The shares of the company saw a spurt in volume by more than 1.08 times on BSE.
KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs 1,213 crore across its various businesses:
Transmission & Distribution (T&D): The business has secured orders for T&D projects in India, SAARC, the Middle East, East Asia Pacific and the Americas.
Civil: The business has secured an order in the urban infra segment in India.
Cables: The business has secured orders for various types of cables in India and overseas.
Today, shares of KEC International Ltd surged 3.61 per cent to an intraday high of Rs 471.20 per share from its previous closing of Rs 454.80. At 03:30 pm, shares of the company ended the day positive, up 3.23 per cent to Rs 469.50 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, 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 1.08 times on BSE.
The stock gave 10 per cent returns in 6 months and over 19 per cent in the last 1 year. Investors should keep an eye on this Mid-Cap company for upcoming trading sessions.