KEC International shares jump 7 pc on job orders

Shares of engineering, procurement and construction major KEC International soared 7 per cent today after the company won new orders worth Rs 2,424 crore across all business verticals.
The stock surged 6.79 per cent to settle at Rs 368.85 on BSE. During the day, it jumped 9.69 per cent to Rs 378.90 -- its 52-week high.
On NSE, shares of the company advanced by 7 per cent to close at Rs 369.35.
In terms of equity volume, 3.69 lakh shares of the company were traded on BSE and over 30 lakh shares changed hands on NSE during the day.
The company has got orders worth Rs 1,636 crore across India, SAARC, Africa and the Americas for its transmission and distribution business, it said in a BSE filing.

The cable business won various orders worth Rs 115 crore.
Its railway and civil businesses received job contracts worth of Rs 595 crore and Rs 78 crore, respectively.
KEC International, an RPG Group firm, is a global infrastructure EPC (engineering, procurement and construction) major and has presence in power transmission and distribution, cables, railways, water, renewables and civil space.