Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
MARKETS

KEC International Hit 52-Week High on Bagging Orders Worth Rs 1,025 Crore 

Its T&D business vertical has secured several noteworthy projects across India, America, and Africa.

Shares of KEC International Ltd rallied 5% and hit a 52-week high of Rs 950 on 27 June after the company announced securing new orders worth Rs Rs 1,025 crore in its Transmission and Distribution (T&D) and Cables business verticals. 

In its regulatory filing, the company said that its T&D business vertical has secured several noteworthy projects across India, America, and Africa. These projects include a 765 kilovolt (kV) GIS GIS Substation project in India awarded by Power Grid Corporation of India Limited (PGCIL), a contract for supplying towers, poles, and hardware in America, and a comprehensive 225 kV Composite project involving Transmission lines, Underground cabling, and Substations in West Africa. 

Furthermore, the company’s cable business vertical has also secured multiple orders for various types of cables, catering to both domestic and international markets. 

Earlier on 7 June, the company had announced securing new orders worth Rs 1,061 crore across various business verticals. Moreover, the company’s civil business also secured orders worth Rs 1,002 crore on 5 June. 

At 1:37 pm, the shares of KEC International were trading 4.36% higher at Rs 901.10 on NSE. 

Get Daily Prediction & Stocks Tips On Your Mobile