At 1:15 pm, KEC International shares were trading lower by 1 percent at Rs 450 on BSEKEC International shares skyrocketed more than 4 per cent in early trading after the engineering, procurement and construction major's company verticals bagged several orders both in India and overseas.
KEC International, an international facilities EPC major, an RPG Group Company, has actually secured new orders of Rs 1,157 crores throughout its different businesses, the business said in a regulative filing to the stock market.
The orders in T-D, particularly in the Middle East region will enable us to further strengthen our existence in the global markets.
Our Train order book continues to grow in emerging/new areas with orders in the semi high-speed rail under objective 'Raftaar.' Vimal Kejriwal, MD - CEO, KEC International said.KEC International's transmission - distribution (T-D) business bagged orders of Rs 663 crore for projects in the Middle East, Africa and Americas; and the trains organization secured orders of Rs 220 crore for 2 x 25 kV overhead electrification (OHE) for speed upgradation in India.The business's civil company secured a Rs 173 crore order for constructing a brand-new airport terminal structure in South India and the cables company won orders worth Rs 101 crore for cables in the Indian and overseas market.KEC International is among the largest power transmission engineering, procurement and building business worldwide, and a leading producer of electric power transmission towers in the country.At 1:15 pm, KEC International had given up all their gains and were trading lower by 1 percent at Rs 450.
The BSE Sensex and NSE Nifty were trading with gains of 0.22 per cent at the time.