KEC International jumps over 5% on securing multiple orders
Published On: Tuesday, June 21, 2022 | By: Team KnowMyStock
KEC International soared to a high of Rs 381.65 in intra-day trades on the BSE, up 5.5 percent from its previous close on strong volume after the company reported multiple orders of Rs 1,092 crore across its various businesses.KEC International's transmission and distribution (T&D) business has secured orders for T&D projects in India, the Middle East, and the Americas. Railway’s business has secured an order for 2x25 kV overhead electrification & associated works for speed up-gradation under their mission ‘Raftaar’ in India. The civil business has secured orders in the residential, industrial, and defense segments in India. And cables business has secured orders for various types of cables in India and overseas.
Vimal Kejriwal, MD & CEO, KEC International commented, “We are pleased with the new order wins secured across our business verticals. The orders in T&D have enhanced our order book in both domestic and international markets. Our Railway business has further consolidated its presence in emerging/ new areas, with the order in the Semi High-Speed Rail under Mission 'Raftaar'. The Civil business continues to be on a high growth trajectory, with consistent order inflows across segments, especially metals & mining and realty."
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