KEC International share price surged over 4% today after the firm said it has secured orders worth Rs 1,806 crore across its various businesses. KEC International stock rose up to 4.57% to Rs 284 compared to the previous close of Rs 271.60 on BSE. KEC International stock has gained 2.01% in last two days. The stock opened 2.72% higher at Rs 279 on BSE. However, the mid cap stock has lost 9.88% during last one year and fallen 8.63% since the beginning of this year.
The RPG Group firm said it secured new orders of Rs 1,806 crore across its various businesses.
The firm secured orders of Rs 1,303 crore in India for overhead electrification of railway lines and associated civil works. The firm would also undertake construction of road over bridges (ROBs), roadbeds, major and minor bridges.
Transmission & Distribution Business
The firm secured orders worth Rs 283 crore for T&D projects in India, East Asia Pacific and the Americas.
It secured orders of Rs 63 crore for civil and construction works in India.
The cables business has secured orders of Rs 157 crore for various types of cables/ cabling projects.
Vimal Kejriwal, MD & CEO at KEC International said, "We are delighted with the new orders secured across our business verticals, especially in railways, which continues to expand its portfolio. The railway business continues to remain on a high growth trajectory. These large order wins further consolidate our leadership position in this sector."
KEC International is engaged in manufacturing ofelectric power transmission towers. Its power transmission and distribution business includes providing end-to-end solutions in power transmission and distribution.