KEC International jumped 5.2% to Rs 140.60 at 14:00 IST on BSE after the company secured new orders of Rs 622 crore in its transmission & distribution and cables businesses.
The announcement was made during market hours today, 10 July 2015.
Meanwhile, the S&P BSE Sensex was up 27.32 points or 0.1% at 27,600.98.
On BSE, so far 6.83 lakh shares were traded in the counter as against average daily volume of 4.66 lakh shares in the past one quarter.
The mid-cap stock hit high of Rs 141.80 and a low of Rs 134.65 so far during the day. The stock hit a 52-week high of Rs 143.90 on 7 July 2015. The stock hit a 52-week low of Rs 71.95 on 26 March 2015.
KEC International said in its transmission & distribution business the company has secured orders in India, Kenya and the Americas amounting to Rs 510 crore. In cables business, the company has secured orders of Rs 112 crore for the supply of power and telecom cables.
On a consolidated basis, KEC International's net profit rose 83.1% to Rs 62.89 crore on 16.1% rise in total income to Rs 2529.76 crore in Q4 March 2015 over Q4 March 2014.
KEC International is a infrastructure engineering, procurement & construction (EPC) major with presence across Power Transmission, Power Systems, Cables, Railways, Telecom and Water space.
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