KEI Industries gains on bagging orders from Power Grid Corporation
The stock up 5% at Rs 111 after the company has bagged orders valuing Rs 384.53 crore (ex-works) from Power Grid Corporation of India.
 "Industrial cables of Finolex")
KEI Industries is trading higher by 5% at Rs 111 on the BSE after the company announced that it has bagged orders/ notification of awards (NOA) valuing Rs 384.53 crore (ex-works) from Power Grid Corporation of India.
The orders are for supply and service contracts for package A & B under Integrated Power Development Scheme (IPDS) works in Varanasi town of Uttar Pradesh, KEI Industries said in a press release.
KEI Industries is engaged in the manufacturing of whole range of cables and also engaged in engineering, procurement and construction (EPC) business.
The stock hit an intra-day high of Rs 113 on the BSE so far. A combined 513,896 shares changed hands on the counter on the NSE and BSE till 11:23 a.m.
Meanwhile, thus far in 2015, it has outperformed the market by gaining 130% from Rs 48 as compared to nearly 6% decline in the S&P BSE Sensex.
The orders are for supply and service contracts for package A & B under Integrated Power Development Scheme (IPDS) works in Varanasi town of Uttar Pradesh, KEI Industries said in a press release.
KEI Industries is engaged in the manufacturing of whole range of cables and also engaged in engineering, procurement and construction (EPC) business.
The stock hit an intra-day high of Rs 113 on the BSE so far. A combined 513,896 shares changed hands on the counter on the NSE and BSE till 11:23 a.m.
Meanwhile, thus far in 2015, it has outperformed the market by gaining 130% from Rs 48 as compared to nearly 6% decline in the S&P BSE Sensex.
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First Published: Dec 28 2015 | 11:32 AM IST