KEC International witnessed a remarkable surge in its share price, soaring by 8% to reach a 52-week high of Rs 795.25 during the early hours of trading on April 4. This significant uptick followed the company’s announcement of securing orders worth Rs 816 crore across its diverse business verticals.
At 9:22 am, KEC International was trading at Rs 785.95 on the Bombay Stock Exchange (BSE), marking a substantial increase of Rs 57.40 or 7.88% from the previous close.
The company’s civil business arm has demonstrated its prowess by bagging contracts for critical infrastructure projects across India. These projects include the establishment of a steel plant in North India, the construction of a cement plant in Central India, and the establishment of a plant for carbon derivatives in East India.
Moreover, KEC International’s transmission and distribution (T&D) business has secured lucrative contracts for the supply of towers in the United States, while its cable business has been entrusted with the supply of various types of cables, both in domestic and overseas markets.
The recent surge in orders further solidifies KEC International’s position as a key player in the infrastructure sector. It is worth noting that on March 22, the company had previously announced orders amounting to Rs 1,004 crore across its various business verticals, underlining its consistent growth trajectory and robust business performance.
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