Moneycontrol Bureau
Shares of KEC International spiked 4 percent intraday Monday on bagging orders worth Rs 1,565 crore in its transmission & distribution and cables businesses.
In transmission & distribution businesses, the infrastructure EPC major has secured orders worth Rs 1,185 crore in India, said the company in its filing to the exchange.
It also secured orders worth Rs 251 crore for construction of transmission lines and supply of transmission towers in Bangladesh, Oman and Malaysia while its US subsidiary SAE Towers bagged Rs 22 crore order for supply of lattice towers, monopoles and hardware from the US and Brazil.
In the cable business, the company has received orders of Rs 107 crore for the supply of power and telecom cables.
"With these orders, our year-end order book has strengthened considerably especially in the transmission & distribution business," said Vimal Kejriwal, MD & CEO. At 11:42 hours IST, the scrip of KEC International was quoting at Rs 85.80, up Rs 2.20, or 2.63 percent on the BSE.
Posted by Sunil Shankar Matkar
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