 "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.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%