 "KEC International hits 52-week high on winning Rs 1,001 crore new orders")
KEC International has rallied 6% to Rs 165, also its 52-week high on the National Stock Exchange (NSE) in early morning trade, after the company announced that it has secured new orders of Rs 1,001 crore in its transmission & distribution, cables and solar business.
The transmission & distribution business has secured Rs 822 crore orders, of which Rs 633 crore orders for construction of various transmission lines and substations in Saudi Arabia, KEC International said in a press release.
The company has secured various orders of Rs 160 crore for the supply of power and telecom cables and Rs 19 crore for setting up of grid interactive solar photovoltaic power plant in Andhra Pradesh, it added.
At 09:17 a.m. the stock up 5% at Rs 163 as compared to 0.25% decline in Nifty 50 index. A combined 229,387 shares changed hands on the counter on the NSE and BSE so far.
The transmission & distribution business has secured Rs 822 crore orders, of which Rs 633 crore orders for construction of various transmission lines and substations in Saudi Arabia, KEC International said in a press release.
The company has secured various orders of Rs 160 crore for the supply of power and telecom cables and Rs 19 crore for setting up of grid interactive solar photovoltaic power plant in Andhra Pradesh, it added.
At 09:17 a.m. the stock up 5% at Rs 163 as compared to 0.25% decline in Nifty 50 index. A combined 229,387 shares changed hands on the counter on the NSE and BSE so far.