After the company secured new orders of Rs 1,131 crore across its various businesses from domestic and international markets, KEC International rose 1.95% to Rs 468.20. The Transmission & Distribution (T&D) business has secured orders from transmission and distribution (T&D) projects in Africa, India and the Americas. In India, Civil business has secured orders for executing infra works in the Metals & Mining and Pharma segments. The cable business has also secured orders for various cables in India and overseas.

• RBI Defends Currency Moves to Protect Economy
• Trump 2.0: Drilling, Climate Rollbacks, and Global Energy Concerns
• Nvidia’s AI Chip Demand Soars, But Slowing Sales Growth Worries Investors
• Karnataka CM Siddaramaiah Meets UK Envoy, Highlights Progressive Industry Policy
• What is Fair Market Value (FMV): Formula, Taxation & Example

The company has to engage in engineering, procurement and construction business (EPC) relating to projects, infrastructure products and systems-related activities for distribution, power transmission, civil, railway, cable and EPC businesses.

On a consolidated basis, the company’s net profit slipped 31.2% to Rs 55.24 crore despite a 13.3% increase in net sales to Rs 4,064 crore in the July-September quarter of FY23 over the July-September quarter of FY22.