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KEC International surges 12% in volatile market on Rs 1,829-cr order win

The management said the company's year to date order intake has now surpassed Rs 7,000 crore

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KEC International said its transmission & distribution (T&D) business has secured orders of Rs 656 crore for T&D projects in Europe and Americas.

SI Reporter Mumbai
Shares of KEC International hit a record high of Rs 522.05, after tge shares surged 12 per cent on the BSE in Friday's intra-day trade, after the company announced that it has secured new orders of Rs 1,829 crore across its various businesses. The stock of engineering, procurement, and construction (EPC) majors surpassed its previous high of Rs 486.45 on March 3, 2021.

At 12:32 pm, KEC International was quoting 6.6 per cent higher on the back of heavy volumes in an otherwise volatile market. Trading volumes on the counter jumped over nine-fold with a combined 2.6 million equity shares changing