KEC Int at new high

KEC International is making waves today; from its close of Rs.664.40, it opened over 5% higher at Rs.698.05 and rose further by 11.5% to hit a new 52-week high at Rs.739.

The stock price surged on news that it has secured new orders of Rs. 1,012 crores across its various businesses:

Civil:

The business has secured prestigious orders from new clients in the Data centre and FMCG segments in India:

• Building a Data centre in Western India

• Setting up of manufacturing facility for a global FMCG major in Southern India

Transmission & Distribution (T&D):

The business has secured orders for T&D projects in India and Americas:

• 765 kV Transmission line order in India from an existing private client

• Supply of towers, hardware and poles in Americas

Cables:

The business has secured orders for supply of various types of cables in India and overseas.