KEC shares climb nearly 5% on bagging orders worth Rs 836 cr

Shares of infrastructure firm KEC International (KEC) today rose nearly 5 per cent after the company bagged new orders worth Rs 836 crore in segments including transmission and distribution.
The stock jumped 4.83 per cent to Rs 128 on BSE.
At NSE, shares of the company climbed 4.17 per cent to Rs 127.40.
The announcement was made post market hours yesterday.
"KEC International Ltd (KEC), a global infrastructure EPC company, has secured orders of Rs 836 crore," the company had said in a filing to BSE yesterday.
In the transmission and distribution segment, the company bagged an order worth Rs 608 crore from Powergrid Southern Interconnector Transmission System Ltd - a wholly-owned subsidiary of PGCIL - for construction of transmission line associated with 'Beyond Vemagiri' Transmission System Project, it said.

It also bagged orders worth Rs 129 crore from Power Grid Jabalpur Transmission Ltd - a wholly-owned subsidiary of PGCIL - for construction of transmission lines associated with Vindhyachal-V project.
In the international market, the company bagged orders worth Rs 56 crore, it said.
In the cable business segment, the company bagged orders of Rs 43 crore for the supply of power and telecom cables.