AgenciesRelated
New Delhi: shares rose over 5 per cent in Tuesday’s early trade as the company secured new orders of Rs 1,092 crores across its various businesses.
KEC’s Transmission & Distribution business has secured orders for T&D projects in India, Middle East & Americas. Railway’s business has secured an order for 2x25 kV overhead electrification & associated works for speed upgradation under their mission ‘Raftaar’ in India.
Civil business got orders in the residential, industrial and defence segments in India. Cables business secured orders for various types of cables in India and overseas.
Vimal Kejriwal, MD & CEO, KEC International, said, “We are pleased with the new order wins secured across our business verticals. The orders in T&D have enhanced our order book in both domestic and international markets. Our Railway business has further consolidated its presence in emerging/new areas, with the order in the Semi High-Speed Rail under Mission ‘Raftaar.’ The Civil business continues to be on a high growth trajectory, with consistent order inflows across segments, especially metals & mining and realty.”
At 10:45 am, the scrip traded at Rs 368.15 around 2 per cent higher than its previous close of Rs 361.9.
KEC International founded in the year 2005 is a midcap company with a market cap of Rs 9,333.59 crore, operating in the power sector.
The share gave a negative 3-year return of 14.4 per cent as compared to 49 per cent gain in Nifty Midcap 100 in the same period. Promoters held a 51.82 per cent in the company as of 31st March.
KEC’s Transmission & Distribution business has secured orders for T&D projects in India, Middle East & Americas. Railway’s business has secured an order for 2x25 kV overhead electrification & associated works for speed upgradation under their mission ‘Raftaar’ in India.
Civil business got orders in the residential, industrial and defence segments in India. Cables business secured orders for various types of cables in India and overseas.
Vimal Kejriwal, MD & CEO, KEC International, said, “We are pleased with the new order wins secured across our business verticals. The orders in T&D have enhanced our order book in both domestic and international markets. Our Railway business has further consolidated its presence in emerging/new areas, with the order in the Semi High-Speed Rail under Mission ‘Raftaar.’ The Civil business continues to be on a high growth trajectory, with consistent order inflows across segments, especially metals & mining and realty.”
At 10:45 am, the scrip traded at Rs 368.15 around 2 per cent higher than its previous close of Rs 361.9.
KEC International founded in the year 2005 is a midcap company with a market cap of Rs 9,333.59 crore, operating in the power sector.
The share gave a negative 3-year return of 14.4 per cent as compared to 49 per cent gain in Nifty Midcap 100 in the same period. Promoters held a 51.82 per cent in the company as of 31st March.
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