KEC Int shares surge nearly 6% on winning Rs 622-cr orders

Shares of KEC International today surged nearly 6 per cent after the company announced securing orders worth Rs 622 crore in transmission, distribution and cables businesses.
The stock gained 5.84 per cent to settle at Rs 141.45 on the BSE. During the day, it surged 7.18 per cent to Rs 143.25.
On the NSE, shares of the company rose by 5.55 per cent to settle at Rs 141.45.
"The company has secured orders in India, Kenya and the Americas amounting to Rs 510 crore," the company said in a statement today.
This includes two orders worth Rs 126 crore in domestic market from Power Grid Corporation of India for supply and construction of transmission lines in the north.

The company also secured a Rs 303-crore order for the construction of HVDC Transmission Line in Kenya.

"On International front, our T&D Business has secured a good order from Kenya which has further strengthened our foothold in the African region," KEC International MD & CEO Vimal Kejriwal said.
It received orders worth Rs 81 crore for supply of lattice towers, monopoles and hardware in the Americas.
Apart from this KEC International bagged orders of Rs 112 crore for the supply of power and telecom cables.