KEC Intl surges post order win of Rs. 1,323 crore

KEC International, an infrastructure EPC major, has secured new orders of Rs. 1,323 crore across its various businesses, according to the company’s exchange filing.

The Transmission & Distribution business of the company has secured turnkey orders of Rs. 287 crore across India, UAE and the Americas, while the Railway business has secured orders for composite and overhead electrification works aggregating to Rs. 644 crore in India.

The Civil business has secured fresh and change orders for civil and construction works aggregating to Rs. 91 crore from leading automobile companies, the Smart Infra business has secured two orders as master Service Integrator for Smart City ICT Components aggregating to Rs. 233 crore for one brownfield and one greenfield smart city and the Cables business has secured orders of Rs. 68 crore for various types of Cables/ Cabling works. 

Reacting to this development, the stock of KEC International responded positively and surged nearly 4 per cent to touch an intra-day high of Rs. 283.4 apiece. At 15:03 hours, the stock was trading at Rs. 288.70 apiece, up by almost 5.87 per cent.