KEC International surges 6% to hit 52-week high on Rs 1,373-crore order win
Shares of KEC International rallied 6 per cent to hit 52-week high of Rs 586 in Wednesday’s intra-day trade, after the company secured new orders worth Rs 1,373 crore across various businesses.
The company’s railway business secured orders in the technologically enabled and conventional/emerging segments in India. It secured orders for signaling & telecommunication for Automatic Block Signaling (ABS) system.
That apart, the company also bagged orders for 2 x 25 kV (kilovolt) Overhead Electrification (OHE) & associated works for speed upgradation.
Meanwhile, the transmission & distribution (T&D) business secured orders for T&D projects in India and Americas.
