The company made the announcement during trading hours today, 10 December 2012.
Meanwhile, the BSE Sensex was up 25.08 points or 0.13% at 19,449.18
On BSE, 75,412 shares were traded in the counter as against average daily volume of 83,289 shares in the past one quarter.
Also Read
The stock hit a high of Rs 69.30 and a low of Rs 65.90 so far during the day. The stock had hit a 52-week high of Rs 80.70 on 29 October 2012. The stock had hit a 52-week low of Rs 31.80 on 20 December 2011.
The stock had outperformed the market over the past one month till 7 December 2012, rising 5.60% compared with the Sensex's 2.76% rise. The scrip had also outperformed the market in past one quarter, gaining 19.44% as against Sensex's 9.84% rise.
The company has equity capital of Rs 51.42 crore. Face value per share is Rs 2.
KEC International's transmission business secured a Rs 210-crore order in India from Power Grid Corporation of India (PGCIL) for supply and erection of 765 kilovolts (kV) single circuit transmission lines between Meerut (Uttar Pradesh) and Moga (Punjab) on turnkey basis. The project duration is 24 months. In the current financial year so far, KEC International has highest market share of approximately 28% in PGCIL's transmission line contracts, the company said.
KEC International's wholly owned subsidiary SAE Towers secured various orders worth Rs 224-crore for supply of lattice towers to Brazil, Mexico and United States.
KEC International said its power svstems business continues to expand its geographical footprints. It has entered Uganda by securing Rs 53 crore-order for design, supply and construction of 33 kV distribution lines and associated low voltage networks on turnkey basis. The order is secured from the Rural Electrification Board of the Ministry of Energy and Mineral Development of Uganda. The project duration is 12 months.
KEC International's cables business secured various orders for supply of power and telecom cables worth Rs 81 crore.
KEC International's water business secured a Rs 44-crore order from NTPC for establishment of water system civil works for super thermal power project in Solapur, Maharashtra. The project duration is 30 months.
KEC International's consolidated net profit fell 22.3% to Rs 16.48 crore on 32% growth in net sales to Rs 1640 crore in Q2 September 2012 over Q2 September 2011.
KEC International is a global infrastructure engineering, procurement and construction (EPC) major. It has presence in the verticals of power transmission, power systems, cables, railways, telecom and water. The company has powered infrastructure development in 46 countries across South Asia, Middle East, Africa, Central Asia and Americas. It is a flagship company of the RPG Group.
Powered by Capital Market - Live News