KEC International extends Wednesday's rally after new orders

Meanwhile, the BSE Sensex was up 13.68 points or 0.07% at 19,727.92.

On BSE, 42,000 shares were traded in the counter as against average daily volume o 77,295 shares in the past one quarter.

The stock hit a high of Rs 73.85 and a low of Rs 71.90 so far during the day. The stock had hit a 52-week high of Rs 80.70 on 29 October 2012. The stock had hit a 52-week low of Rs 35.60 on 3 January 2012.

The stock had outperformed the market over the past one month till 2 January 2013, surging 10.03% compared with the Sensex's 1.94% rise. The scrip had, however, underperformed the market in past one quarter, declining 0.14% as against Sensex's 4.73% gain.

The company has equity capital of Rs 51.42 crore. Face value per share is Rs 2.

Shares of KEC International have surged 8.22% in two trading sessions from Rs 67.45 on 1 January 2013, after the company during trading hours on Wednesday, 2 January 2013, said it has secured new orders aggregating Rs 1511 crore in its transmission, power systems, and cable businesses from India, Oman, Nepal and Americas. The stock had jumped 5.7% to settle at Rs 71.30 on Wednesday, 2 January 2013.

In India, KEC International has secured two transmission line orders aggregating Rs 672 crore from Power Grid Corporation of India (PGCIL). In addition to these orders, the company has secured orders worth Rs 43 crore for supply of power and telecom cables, KEC International said in a statement.

In Oman, the company has secured a transmission line order worth Rs 602 crore from Bhawan Engineering Company LLC. In Nepal, KEC International has secured a transmission line order worth Rs 131 crore from Upper Tamakoshi Hydropower.

In Americas, KEC International's wholly owned subsidiary, SAE Towers, has secured various orders for supply of lattice towers and poles to Brazil, Mexico and United States. The total value of these orders is Rs 63 crore, the company said in a statement.

KEC International's consolidated net profit fell 22.3% to Rs 16.48 crore on 32% growth in net sales to Rs 1640 crore in Q2 September 2012 over Q2 September 2011.

KEC International is a global infrastructure engineering, procurement and construction (EPC) major. It has presence in the verticals of power transmission, power systems, cables, railways, telecom and water. The company has powered infrastructure development in 46 countries across South Asia, Middle East, Africa, Central Asia and Americas. It is a flagship company of the RPG Group.

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