KEC International Hits 52-Week High After Securing ₹816 Crore Orders

4 Apr 2024 , 11:43 AM

KEC International’s stock surged 8% to a 52-week high of ₹795.25 in the opening trade on April 4 following the acquisition of ₹816 Crore worth of orders across its various businesses.

At the time of writing, KEC International was trading at ₹823.70, marking a 13.04% increase on the BSE. Orders secured by its civil business include infrastructure projects in India, such as the establishment of a steel plant in North India, a cement plant in Central India, and a plant for carbon derivatives in East India.

The transmission and distribution (T&D) business received orders for tower supply in the US, while the cable business secured orders for various cable types in both Indian and overseas markets. On March 22, the company had previously secured orders worth ₹1,004 Crore across its diverse business segments.

KEC International Limited, a subsidiary of the RPG Group, is a leading Indian multinational engaged in EPC works for Power Transmission, Distribution, Railways, Cables, Solar, Civil, and Smart Infrastructure. It is headquartered in Mumbai and operates globally across regions including India, SAARC, EAP, Africa, Middle East, and the Americas.

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