 "KEC International gains on bagging Rs 838 crore orders")
Shares of KEC International were higher by 5% at Rs 155 on the BSE in early morning trades in an otherwise weak market after the company said it has secured new orders worth Rs 838 crore in transmission and distribution as well as telecom cable businesses.
In the transmission and distribution business, the company has secured orders in India, Bhutan and America amounting to Rs 778 crore, KEC International said in a statement.
In the cable business, the company has secured orders of Rs 60 crore for supply of power and telecom cables, KEC International added.
The company further said that it has received two orders from Power Grid Corporation for supply and construction of transmission lines in North and Western India.
At 09:20 AM, the stock was up 4% at Rs 153 on the BSE. A combined 361,445 shares changed hands on the counter on the BSE and NSE.
In the transmission and distribution business, the company has secured orders in India, Bhutan and America amounting to Rs 778 crore, KEC International said in a statement.
In the cable business, the company has secured orders of Rs 60 crore for supply of power and telecom cables, KEC International added.
The company further said that it has received two orders from Power Grid Corporation for supply and construction of transmission lines in North and Western India.
At 09:20 AM, the stock was up 4% at Rs 153 on the BSE. A combined 361,445 shares changed hands on the counter on the BSE and NSE.
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