Shares of KEC International opened 5% higher on Tuesday after the construction and engineering company announced that it had secured new domestic and international orders worth Rs 1,315 crore. 

In an exchange filing dated October 16, the RPG Group company stated that its Transmission & Distribution (T&D) business had won several orders in India, Australia, the Middle East and the Americas. 

KEC has secured an order for a 765 kV (kiloVolt) transmission line and a 765 kV AIS substation from the Power Grid Corporation of India Ltd. Further, the company has also obtained orders for the supply of towers in the Middle East, the Americas and Australia and the supply of hardware and poles in the Americas.   

Additionally, the Cables Business of the company has also bagged orders for supplying various types of cables in India and overseas. 

The MD and CEO of KEC International, Vimal Kejriwal, said these new orders have significantly enhanced the company’s India T&D order book. He added that with the tower supply order from Australia, KEC’s tower supply business is now spread across six continents.

KEC International, a subsidiary of RPG Group, is a global infrastructure engineering, procurement and construction company with a presence in more than 30 countries in multiple verticals, including railways, civil and solar, among others. 

After opening 5% higher, the stock lost most of its gains. At 11:40 am, shares of KEC International were trading at Rs 664, up 1.83% from their previous closing price on the National Stock Exchange (NSE).