Stocks of KEC International zoomed 8% after the opening bell on August 21, after the company bagged orders worth Rs 1,007 crore across its various business verticals. `

The company’s business vertical bagged an order for designing, engineering, procurement and constructing a multi-speciality hospital in India.

KEC International’s transmission and distribution business vertical has received an order in the Middle East for a 380 kV overhead transmission line project.

The company’s cable business has bagged multiple orders to supply various types of cables in India as well as overseas.

Earlier this month, KEC International had secured another order worth Rs 1,065 crore across multiple business vertices.

Vimal Kejriwal, managing director and chief executive officer of KEC International, said, “We are pleased with the continuous inflow of orders, especially in our T&D and Civil businesses. In line with our strategy, the civil business has expanded its presence by securing a breakthrough order for building a multispecialty hospital in Eastern India. The T&D order in the Middle East region has significantly enhanced our order book in the international T&D market.”

During today’s intraday session, the share price of KEC International was quoting Rs 674.90.

Looking at the company’s number for the April-June quarter, the company posted a 36.5%YoY increase in its consolidated net profit at Rs 42.33 crore and a 27.9% YoY increase in its revenue from operations at Rs 4,243.59 crore against the number it reported in the year-ago quarter.

The company’s shares hit a 52-week high of Rs 698.95 on August 2, 2023, and a 52-week low of Rs 391.10 on August 23, 2022.

At 10:50 am, the shares of KEC International were trading at Rs 656.15 or 5.08% above its previous close on NSE.