It is now trading 34.01 percent above its 52-week low and 11.9 percent below its 52-week high.
As the company received orders totaling Rs 1,028 crore across its different operations on March 15, the share price of KEC International increased by more than 3 percent intraday.
According to the company’s press release, the transmission and distribution (T&D) business has orders for T&D projects in East Asia Pacific, the Middle East, and the Americas, including a 500/230 kV GIS substation order in Thailand, a 110 kV transmission line order in Saudi Arabia, the supply of towers in the Middle East, secured by its subsidiary in the UAE, and the supply of towers, hardware, and poles in the Americas, secured by subsidiary SAE Towers.
The civil business has received a contract to carry out a project in India’s logistics sector.
Also, the cable industry has received orders for a variety of cables both in India and abroad.
Especially in our T&D and civil industries, we are happy with the steady stream of orders. According to Vimal Kejriwal, MD and CEO of KEC International, “the orders in T&D have greatly increased our order book in the international T&D industry.
“With its first order from a reputable private operator in the logistics industry, our civil business has further expanded its footprint. With the aforementioned orders, our YTD order intake has reached a record high of Rs 19,600 crore, a significant increase of 30% over the previous year, according to Kejriwal.
On January 10, 2023 and May 12, 2022, respectively, the share’s 52-week high and low were Rs. 525.05 and Rs. 345.15, respectively. It is now trading 34.01 percent above its 52-week low and 11.9 percent below its 52-week high.
