KEC International stock rose after the company has won new orders worth Rs 1,931 crore.
Its transmission and distribution business secured orders worth Rs 1,756 crore across India, SAARC, the Middle East, Africa and the Americas, the company said in a BSE filing.
The cable business secured orders worth Rs 112 crore while the railways and solar businesses received orders worth Rs 54 crore and Rs 9 crore respectively.
KEC International Ltd is currently trading at Rs 293.85, up by Rs 6.6 or 2.3% from its previous closing of Rs 287.25 on the BSE. The scrip opened at Rs 285 and has touched a high and low of Rs 301 and Rs 285 respectively.
KEC International is global infrastructure Engineering, Procurement & Construction (EPC) company. The company’s order book to sales ratio stands at 1.5x as of FY17. The company has consolidated order book at Rs 12,600 crore as of FY17. The revenue has grown at a 3% CAGR over FY14-17.