KEC International rose 1.73% to Rs 61.60 at 12:01 IST on BSE after the company said it has secured new orders worth about Rs 1200 crore in its transmission, power systems, railways and cables businesses.
The new orders were announced during trading hours today, 14 March 2014.
Meanwhile, the S&P BSE Sensex was down 146.34 points or 0.67% at 21,628.27.
On BSE, so far 1.04 lakh shares were traded in the counter as against average daily volume of 96,000 shares in the past two weeks.
The stock hit a high of Rs 63.40 and a low of Rs 59.55 so far during the day.
KEC International's transmission and power system business secured orders worth Rs 886 crore in Afghanistan, Americas, India and Abu Dhabi. The company's railways business won an order worth Rs 228 crore from Rail Vikas Nigam. The company's cable business secured orders worth Rs 86 crore.
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KEC International's consolidated net profit declined 34.7% to Rs 19.15 crore on 23% growth in net sales to Rs 2180.16 crore in Q3 December 2013 over Q3 December 2012.
KEC International is a global infrastructure engineering, procurement and construction (EPC) company. It has presence in the verticals of power transmission, power systems, cables, railways, telecom and water. The company has powered infrastructure development in 50 countries across Africa, Americas, Central Asia, Middle East, South Asia and South East Asia. It is the flagship company of the RPG Group
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