KEC International shares gain 5% on orders win worth Rs 1,025 crore
KEC International shares gain 5% on orders win worth Rs 1,025 crore
KEC International's share price rose 5 percent in the opening trade on June 27 after the company secured new orders of Rs 1,025 crore in T&D and Cables businesses.
At 09:32am, KEC International was quoting at Rs 912.25, up Rs 49.30, or 5.71 percent, on the BSE.
The Transmission & Distribution (T&D) business has recently secured several significant projects across India, Africa, and the Americas. These include a 765 kV GIS Substation project in India awarded by Power Grid Corporation of India Limited (PGCIL), a comprehensive 225 kV Composite project involving Transmission lines, Substations, and Underground cabling in West Africa, and contracts for supplying towers, hardware, and poles in the Americas.
Additionally, the cables business has also received orders for various types of cables, catering to both domestic and international markets
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On June 7, the company secured new orders of Rs 1,061 crores across its various businesses. On June 5, the company secured orders of Rs 1,002 crores in its civil business.
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