18 Jul , 2024 By : Debdeep Gupta
KEC International's share price gained nearly 4 percent in the early trade on July 18 after the company secured new orders of Rs 1,100 crore for transmission & distribution (T&D) projects in India, the Middle East, Australia, and the Americas.
At 09:30 am, KEC International was quoting at Rs 920.60, up Rs 33.25, or 3.75 percent, on the BSE.
The projects include i) a 765 kV Transmission line and 765 kV GIS substation orders in India, from Power Grid Corporation of India Limited (PGCIL), ii) a 132 kV transmission line in the United Arab Emirates (UAE), iii) supply of towers in Australia and the Americas and iv) supply of Hardware and Poles in the Americas.
Earlier this month, the company had bagged orders worth Rs 1,017 crore including Transmission & Distribution (T&D) business orders for the EPC project and supply of towers in the Middle East.
It also got a renewables business order for a 625 MW solar PV project in Rajasthan from a subsidiary of a reputed PSU in the renewable power generation segment.
The share touched a 52-week high of Rs 968.20 and a 52-week low of Rs 551.00 on 03 July 2024 and 08 November 2023, respectively.
Currently, the stock is trading 4.92 percent below its 52-week high and 67.08 percent above its 52-week low.
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