New orders boost KEC International

KEC International rose 2.55% to Rs 104.40 at 10:55 IST on BSE after the company said it has secured new orders worth Rs 1029 crore in its transmission & distribution, cables and renewables businesses.

The new orders were announced during market hours today, 8 October 2014.

Meanwhile, the S&P BSE Sensex was down 15.40 points or 0.06% at 26,256.57.

On BSE, so far 1.17 lakh shares were traded in the counter as against average daily volume of 41,000 shares in the past two weeks.

The stock hit a high of Rs 107 and a low of Rs 101.90 so far during the day.

KEC International's transmission & distribution businesses secured orders worth Rs 746 crore from India, Zambia and the Americas.

The company's cables business secured orders worth Rs 273 crore for the supply of power and telecom cables.

KEC International's renewable business secured an order worth Rs 10 crore.

KEC International reported a consolidated net profit of Rs 11 crore in Q1 June 2014 as against net loss of Rs 9 crore in Q1 June 2013. Net revenue declined 1.43% to Rs 1721 crore in Q1 June 2014 over Q1 June 2013.

KEC International is a global infrastructure engineering, procurement and construction (EPC) company.

Powered by Capital Market - Live News