Moneycontrol Bureau
KEC International shares rallied as much as 7.6 percent in early trade Thursday on bagging orders in various segments like transmission, railways and cables.
The infrastructure EPC major has secured orders of Rs 805 crore in transmission & distribution business, including Rs 216 crore worth of orders from international companies Electricity Generating Authority of Thailand and Power Grid Company of Bangladesh.
"The order win in Thailand is a significant step in pursuit to diversify geographic spread into the ASEAN region. On the domestic front, order wins clearly reflect a strong growth in intra-state transmission & distribution network," Vimal Kejriwal, MD & CEO said.
The RPG Enterprises subsidiary also received orders worth Rs 248 crore in railways business.
"Overhead Electrification composite order of Rs 110 crore from Rail Vikas Nigam and Rs 138 crore from Central Organisation for Railway Electrification," KEC said.
Cables business has bagged orders of Rs 171 crore for supply of power and telecom cables.
At 09:23 hours IST, the scrip of KEC International was quoting at Rs 141.55, up Rs 6.35, or 4.70 percent on the BSE.Posted by Sunil Shankar Matkar
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