Over 91 lakh shares were issued to eligible qualified institutional buyers, increasing the paid-up share capital to Rs 53.24 crore, consisting of 26.62 crore shares.
The orders in the Transmission & Distribution (T&D) and Cables businesses, span across India, Middle East and Americas
The management remains optimistic about the strong growth prospects in cables, railways, and civil engineering segments, supported by a positive demand outlook in the domestic and international markets
KEC International aims to raise Rs 4,500 crore via QIP by issuing equity or other equity-based instruments. Additionally, it will issue NCDs worth Rs 1,500 crore through private placement in one or more tranches.
The RPG group company got orders for EPC project and supply of towers in the Middle East, and for balance of system package of a 625 MWp Solar PV project in Rajasthan
Over the next two years, the company is eyeing an annual growth of almost 15 percent on the back of strong orders and improving execution.
The RPG group company's transmission and distribution business has secured orders for projects in India, the Middle East and the Americas
Thanks to diversification, KEC International is able to revive its business
Trends on SGX Nifty indicate a positive opening for the broader index in India, with a 7.5 points gain. Nifty futures were trading around 12,300-levels on the Singaporean Exchange.
Motilal Oswal is bullish on KEC Interational has recommended buy rating on the stock with a target price of Rs 347 in its research report dated May 08, 2019.