Shares of KEC International Ltd. hiked by 15% after the company announced received new orders worth Rs. 816 Crores from the company’s business verticals in the normal course of business.

According to its regulatory filing, the orders came from the civil, Transmission & Distribution, and cable businesses of the company. The company has received orders for various infrastructure projects in India and the United States. These include setting up a steel plant, building a cement plant, establishing a plant for carbon derivatives, and supplying towers and cables.

The managing director and CEO of KEC International Ltd., Mr Vimal Kejriwal, expressed satisfaction with the new orders, especially those for the civil business. He noted the significant progress made by the Civil business in expanding its industrial footprint and broadening its customer base.

The total order intake for FY24 stands at Rs. 18,102 crores, reaffirming confidence in achieving the targeted growth trajectory in the future.

On March 22, the global infrastructure engineering, procurement, and construction (EPC) firm secured orders worth Rs 1,004 crore across its different businesses, including the Transmission and Distribution (T&D), civil construction, Railways, and Cables segments.

On March 13, the company bagged orders worth Rs 2,257 crores from different verticals, including Transmission and distribution (T&D), Oil and gas Pipelines, civil, and Cables.

KEC International is a global infrastructure Engineering, Procurement, and Construction (EPC) major with a presence in various sectors, including Power Transmission and Distribution, Railways, civil and urban Infrastructure, Solar, Oil and gas Pipelines, and Cables.

The company is currently executing infrastructure projects in over 30 countries and has a presence in more than 110 countries. It is the flagship Company of the RPG Group, which is one of India’s fastest-growing business groups with diverse interests in Infrastructure, Tyres, Pharma, IT, and Specialty, as well as in emerging innovation-led technology businesses.

At 11:15 am, the shares of KEC International were trading 12.76% higher at Rs 821.70 on NSE.