1. KEC International shares gain 5% on securing orders worth Rs 1,001 cr

KEC International shares gain 5% on securing orders worth Rs 1,001 cr

Shares of KEC International gained as much as 5.87 per cent in the early trade on Friday after the company informed BSE that it has secured new order worth Rs 1,001 crore

By: | New Delhi | Updated: January 1, 2016 4:27 PM
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Shares of KEC International gained as much as 5.87 per cent in the early trade on Friday after the company informed BSE that it has secured new order worth Rs 1,001 crore (Express photo by Ganesh Shirsekar)

Shares of KEC International gained as much as 5.87 per cent in the early trade on Friday after the company informed BSE that it has secured new order worth Rs 1,001 crore in its transmission & distribution, cables and solar businesses.

At 9.53 am, KEC International was trading 3.35 per cent up at Rs 160.25. The scrip opened at Rs 162 and had touched a high and low of Rs 164.15 and Rs 158.70, respectively, in trade so far. Later, the share price of the company closed 1.16 per cent up at Rs 156.85.

So far, around 1.25 lakh shares of KEC International exchanged hands on the BSE as compared with two-week average daily volume of 2.11 lakh shares.

The promoters holding in the company stood at 50.54 per cent while institutions and non-institutions held 31.86 per cent and 17.60 per cent respectively.

In a BSE filing, the company said, “The company has secured orders in Saudi Arabia, Oman, India, Afghanistan, Zambia and the Americas amounting to Rs 822 crore.” The company has also secured various orders of Rs 160 crore for the supply of power and telecom cables while under solar business the company has secured an order of Rs 19 crore for setting up of grid interactive solar photovoltaic power plant in Andhra Pradesh.

KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major. It has a presence in the verticals of power transmission, power systems, cables, railways, telecom and water.

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