KEC International up 7%
KEC International is in news today after it announced getting cumulative orders to the tune of Rs.1349 crore across its various businesses.
The orders are as under:
Transmission & Distribution (T&D):
• HVDC project in India, from a leading private player – KEC’s first project in the segment of HVDC Terminal Station in India
• 400 kV Overhead Transmission line in Kuwait
• 132 kV Underground Cabling order in Nepal
• Supply of towers in the United States of America Civil:
Civil:
The business has secured orders for building a Data Centre and for infra works in the Hydrocarbon segment in India.
Cables:
The business has secured orders for various types of cables in India and overseas.
The stock price has reacted positively to the news, opening 6% higher at Rs.496 and rising up further to an intraday high at Rs.501.