Shares of KEC International Ltd rallied 6% on 30 April after the company announced receiving new orders worth Rs 1,036 crore for its different operations.
The Transmission & Distribution (T&D) company obtained orders for T&D projects in the Americas and the Middle East. These projects included installing overhead transmission lines in the United Arab Emirates (UAE) and providing towers, hardware, and poles in the Americas.
While the Cables business has received orders for the provision of various types of cables in India and abroad, the Railways business has secured an order for further work in the traditional segment in India.
On Tuesday, 07 May 2024, the board of directors of the company will convene to deliberate and approve the audited standalone and consolidated financial results for the quarter and fiscal year concluded on 31 March 2024. Additionally, the board will recommend any dividends that ought to be disbursed on the company’s equity shares for the same period.
On 03 April, the company received orders worth Rs. 816 crores across all of its businesses.
At 1:05 pm, the shares of KEC International were trading 2.24% higher at Rs 747.90 on NSE.