KEC International climbs on securing orders worth Rs 1,704 crore in T&D business
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KEC International is currently trading at Rs. 1050.00, up by 26.55 points or 2.59% from its previous closing of Rs. 1023.45 on the BSE.
The scrip opened at Rs. 1052.00 and has touched a high and low of Rs. 1094.95 and Rs. 1048.00 respectively. So far 102958 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1094.95 on 28-Nov-2024 and a 52 week low of Rs. 569.50 on 29-Nov-2023.
Last one week high and low of the scrip stood at Rs. 1094.95 and Rs. 988.05 respectively. The current market cap of the company is Rs. 28584.56 crore.
The promoters holding in the company stood at 50.10%, while Institutions and Non-Institutions held 39.93% and 9.97% respectively.
KEC International has secured prestigious turnkey orders of Rs 1,704 crore in its Transmission & Distribution (T&D) business for Design, Supply and Installation of 765 kV Transmission Lines and GIS Substations from Power Grid Corporation of India (PGCIL).
These 765 kV orders from PGCIL have further strengthened its India T&D order book, reaffirming its confidence in the continued strong growth of this business. With these orders, its YTD order intake now stands at Rs 16,300 crore, reflecting an impressive growth of over 60% compared to last year.
KEC International is a global infrastructure EPC major. It has presence in power transmission and distribution, cables, railways, water, renewables and civil.
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