Rs 30,500 crore order book: This multibagger infrastructure company bags new orders worth Rs 1,042 crore; hits fresh 52-week high!
Shares of the company grew by more than 22 per cent in the last six months.
KEC International Limited informed in the exchange filing that it had secured new orders of Rs 1,042 crores across its various business segments. Owning to the positive sentiment in the stock market for the company, the stock has shown a positive rally, hitting a fresh 52-week high on Friday.
The company has secured various orders from its Railways business segment: The business has secured its maiden international order for a Signaling & Telecommunication project in SAARC.
In the civil segment, the company has secured an order in the Metals & Mining segment from a reputed steel player in India. In the Transmission & Distribution (T&D) segment, the company secured orders for T&D projects in India, the Middle East, Europe, and the Americas for setting up overhead transmission lines in the Middle East, supply of towers in India, Europe, and the United States of America, and supply of towers, hardware, and poles in Americas, secured by our subsidiary, SAE Towers.
KEC International is a global infrastructure engineering, procurement, and construction (EPC) major. It has a presence in the verticals of power transmission and distribution, railways, civil, and urban infrastructure, solar, innovative infrastructure, oil & gas pipelines, and cables.
The stock has gained more than 120 per cent in the last three years. The company has an order book of more than Rs 30,500 crore and investors should keep a close eye on this stock.
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