KEC International gains on winning orders worth Rs 622 crore

The stock is up 5% at Rs 140 after the company secured new orders worth Rs 622 crore in its transmission & distribution, and cables business.

Shares of KEC International were up 5% at Rs 140 on the BSE after the company said it has secured new orders worth Rs 622 crore in its transmission & distribution, and cables business.

In the transmission & distribution business, the company has secured orders in India, Kenya and the Americans amounting to Rs 510 crore, while the cable business has secured orders of Rs 112 crore for the supply of power and telecom cables, KEC International said in a statement.

The stock touched a high of Rs 142 and has seen a combined 1.28 million shares changing hands on the counter on the BSE and NSE till 0934 hours.