Upon receiving new orders, shares of KEC International rallied by 3%

KEC International has rallied 3 per cent to Rs 444.90, also its 52-week-high on the NSE in early morning trade today. The stock price soared after the company announced that it has secured new orders of Rs 1,140 crore. This amount was divided across its business, namely, transmission & distribution and hydrocarbon segment.

The transmission & distribution business has secured orders of Rs 963 crore in the Middle East and Africa. The railway business got Rs 113-crore for 2×25 kV Overhead-Electrification(OHE) and associated works for speed upgrade in India. Its civil business has secured an order of Rs 64 crore for infrastructure works in the hydrocarbon segment in India.

At 0923 hours, KEC International was quoting at Rs 442.80, up Rs 12.15, or 2.82 per cent, on the BSE.

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