Business standard has Posted by KEC International gains on winning orders worth Rs 1,036 crore
KEC International has
rallied 7% to Rs 144 on the BSE in early morning trade after the
company in a release said that it has secured new orders worth of Rs
1,036 crore.
The orders include Rs 582 crore worth of order from Abu Dhabi Transmission and Dispatch Company for supply and construction of 400 KV transmission line from Barakah Switchyard to Madinat Zayed Grid Substation in Abhu Dhabi, the company said in a release.
The company also secured a composite order of Rs 317 crore for electrification, civil works, track laying, signaling, construction of road beds and bridges in connection with doubling between Raebareli and Amethi stations from Rail Vikas Nigam Limited, the release added.
At 09:26 AM, the stock was up 5% at Rs 141 on the BSE. A combined 684,102 shares changed hands on the counter on the BSE and NSE so far.
The orders include Rs 582 crore worth of order from Abu Dhabi Transmission and Dispatch Company for supply and construction of 400 KV transmission line from Barakah Switchyard to Madinat Zayed Grid Substation in Abhu Dhabi, the company said in a release.
The company also secured a composite order of Rs 317 crore for electrification, civil works, track laying, signaling, construction of road beds and bridges in connection with doubling between Raebareli and Amethi stations from Rail Vikas Nigam Limited, the release added.
At 09:26 AM, the stock was up 5% at Rs 141 on the BSE. A combined 684,102 shares changed hands on the counter on the BSE and NSE so far.
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