This mid-cap company wins new orders worth Rs 1,560 crore!
Today, the shares of the company also saw a spurt in volume by more than 2.43 times on BSE.
KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders worth Rs. 1,560 crore for Transmission & Distribution (T&D) projects in India, from Power Grid Corporation of India Limited (PGCIL) under Tariff Based Competitive Bidding (TBCB) route:
• 765 kV Transmission line
• 765/400 kV AIS Substation
• 765 kV GIS Substations
Today, shares of KEC International Ltd surged 3.69 per cent to an intraday high of Rs 484.40 per share from its previous closing of Rs 467.20. At 03:30 pm, shares of the company ended the day positive, up 2.25 per cent to Rs 477.70 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 its both quarterly and annual financial statements. In Q2FY23, the company did net sales of Rs 4,064 crore and a net profit of Rs 55 crore whereas, in FY22, total net sales were Rs 13,742 crore and a net profit of Rs 332 crore respectively.
Today, the shares of the company also saw a spurt in volume by more than 2.43 times on BSE. Investors should keep an eye on this Mid-Cap company for upcoming trading sessions.