KEC International in limelight

KEC International opened today almost 1.5% higher at Rs.435, going up to an intraday high at Rs.450, up 3.5% on the back of robust volumes.

The stock price rose after it announced receipt of orders worth Rs.1108 crore across its various businesses.

Transmission & Distribution (T&D): The business has secured orders for T&D and Cabling projects in India, Middle East and Africa.

• 400 kV Transmission line order in India, from Power Grid Corporation of India Limited (PGCIL)

• 132 kV Underground cabling order in India, from a state utility

• 220 kV Transmission line and tower supply orders in Middle East, secured by our UAE subsidiary

• 330 kV Transmission line order in Africa

Railways:

• Overhead Electrification (OHE) for Metro – Order for Overhead Electrification (OHE), Auxiliary power supply, SCADA system and associated works

• Train Collision Avoidance System (TCAS) – Order for Signaling & Telecommunication works of TCAS under ‘Kavach’ in consortium

• Composite – Order for doubling of tracks and associated civil works

Oil & Gas pipeline:

The business has secured an order for laying of cross-country pipeline and associated works in India