KEC International zooms 5% on winning orders worth Rs 1,429 crore
Shares of KEC International, on Tuesday, gained 5 per cent at Rs 469 on the BSE in intra-day trade after securing new orders worth Rs 1,429 crore across its various businesses. The stock of the heavy electrical equipment company was trading close to its 52-week high level of Rs 486.45, hit on March 3, 2021.
In an exchange filing on March 22, KEC International said its Transmission & Distribution (T&D) business has secured orders of Rs. 701 crore for T&D projects from Power Grid Corporation of India Ltd. (PGCIL) and other customers in India, East Asia Pacific and the Americas.
The Railways business has secured orders of Rs 366 crore in the emerging segments in India: Semi High-Speed Rail –
