KEC International lifted by UP order

DALAL STREET SPIKES

KEC International was in the limelight after the company announced about securing a large domestic order. The stock as a result has spurted 2.3 per cent to close at Rs 223.40, after hitting the day's high of Rs 233.95.

The company announced that it has secured an order worth Rs 214 crore for supply and construction of power distribution infrastructure in Uttar Pradesh (UP).

Analysts said, the counter has been attracting strong buying interest on back of strong fundamentals and a healthy order book.

KEC order book position stand around Rs 2,400 crore at the moment. The company has been active with bagging orders from the UAE, Libya, Tunisia, Algeria, Iraq, Kuwait, Oman, Lebanon, Zambia, and Ethiopia among others.

In the domestic market, KEC has been executing orders for Power Grid Corporation, Powerlinks Transmission, WBSEB, APTransco, and J&K SPDC among others.