KEC International share price touched 52-week high of Rs 1,098.95 in the early trade on December 2 after the company secured new orders of Rs. 1,040 crores in its transmission and distribution (T&D) business in the international markets.
At 09:25am, KEC International was quoting at Rs 1,065.30, up Rs 10.40, or 0.99 percent, on the BSE
The orders included supply of towers, hardware and poles in Americas and 220 kV transmission lines in CIS.
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Last week, the company secured turnkey orders of Rs 1,704 crore in its Transmission & Distribution (T&D) business for design, supply and installation of 765 kV Transmission Lines and GIS Substations from Power Grid Corporation of India Limited (PGCIL).
On November 25, the company has secured new orders of Rs 1,114 crore across its various businesses. Its Transmission & Distribution (T&D) business secured orders for T&D projects in Middle East and Americas including 400 kV Transmission line in Oman and supply of towers, hardware and poles in Americas.
The brokerage house Sharekhan in its report dated November 28 maintained 'buy' rating with a revised price target of R. 1,250 on incremental order inflows and margins accretion triggers.
The company had reported 53 percent jump in its quarterly net profit at Rs 85.41 crore in September 2024.
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