KEC International surges on bagging new orders worth Rs 1,171 crore in Middle East
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KEC International is currently trading at Rs. 912.90, up by 45.60 points or 5.26% from its previous closing of Rs. 867.30 on the BSE.
The scrip opened at Rs. 897.85 and has touched a high and low of Rs. 920.00 and Rs. 883.00 respectively. So far 878 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 968.20 on 03-Jul-2024 and a 52 week low of Rs. 551.00 on 08-Nov-2023.
Last one week high and low of the scrip stood at Rs. 920.00 and Rs. 822.55 respectively. The current market cap of the company is Rs. 22297.27 crore.
The promoters holding in the company stood at 51.88%, while Institutions and Non-Institutions held 37.96% and 10.17% respectively.
KEC International has won new orders worth Rs 1,171 crore in its Transmission and Distribution business, including constructing transmission lines in the United Arab Emirates (UAE) and Saudi Arabia.
Earlier, the company had secured new orders of Rs 1,079 crore in Transmission & Distribution (T&D) and Cables businesses. The Transmission & Distribution business has secured orders for T&D projects in India, Middle East and Americas.
KEC International is a global infrastructure EPC major. It has presence in power transmission and distribution, cables, railways, water, renewables and civil.
