KEC International shares rally 6% after securing new orders worth Rs 1,303 crore across multiple business segments
KEC International shares rallied after the company secured Rs 1,303 crore of new orders across transmission and distribution and cables and conductors businesses. The latest wins take its year-to-date order intake above Rs 7,600 crore, supporting its growth outlook.
On Tuesday, KEC International's shares surged 6% to their daily peak of Rs 429.60 on the NSE after the company secured new orders totaling Rs 1,303 crore across multiple business segments. According to the company's filing with the exchange, these orders included T&D projects across India, the Middle East, and America, such as 400 kV transmission lines in Northern India and 380 kV transmission lines in Saudi Arabia, as well as the supply of towers, hardware, and poles in the Americas.
The company also secured various orders in its cables and conductors business in India and overseas markets. KEC International's MD & CEO, Vimal Kejriwal, expressed delight at the new order wins, highlighting a prestigious order from an existing private client for a transmission line project in Northern India and the strengthening of the company's presence in the Middle East.
The company's YTD order intake now exceeds Rs 7,600 crores, which will significantly contribute to its targeted growth.
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