KEC International jumps on securing new orders worth Rs 1,025 crore

KEC International is currently trading at Rs. 272.15, up by 2.45 points or 0.91% from its previous closing of Rs. 269.70 on the BSE.

The scrip opened at Rs. 271.35 and has touched a high and low of Rs. 273.00 and Rs. 268.75 respectively. So far 12338 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 340.50 on 04-Jul-2019 and a 52 week low of Rs. 229.95 on 15-Feb-2019.

Last one week high and low of the scrip stood at Rs. 284.55 and Rs. 265.80 respectively. The current market cap of the company is Rs. 6985.09 crore.

The promoters holding in the company stood at 51.59%, while Institutions and Non-Institutions held 34.69% and 13.72% respectively.

KEC International has secured new orders of Rs 1,025 crore across its various businesses. The company’s Transmission & Distribution business has secured orders of Rs 750 crore for T&D projects in India.

Railways business has secured orders of Rs 125 crore for signalling and telecommunication works from Rail Vikas Nigam (RVNL) in Eastern India and for overhead Electrification and associated civil works from Central Organisation for Railway Electrification (CORE) in Northern India. Besides, the company’s Cables business has secured orders of Rs 150 crore for various types of cables/ cabling projects.

KEC International is a global infrastructure EPC major. It has presence in power transmission and distribution, cables, railways, water, renewables and civil.