KEC International’s share price climbed 5% in early trading on August 26, 2024, following the company’s announcement of winning new orders worth ₹1,079 crore in its Transmission & Distribution (T&D) and cables businesses.
By 09:17 AM, the company’s stock was trading at ₹885.70 on the Bombay Stock Exchange (BSE), reflecting a gain of ₹45.70 or 5.44%.
The secured orders in the T&D segment include:
- A 765 kV/400 kV transmission line project from a leading private developer in India.
- 230/132 kV transmission line projects in Saudi Arabia and Oman.
- Upgradation of a 400 kV transmission line in the United Arab Emirates (UAE).
- Supply of towers, hardware, and poles in the Americas.
Additionally, KEC’s cables business has received several orders for cable supply both within India and internationally.
In its latest financial performance, KEC International reported a net profit of ₹87.6 crore for the quarter ending in June 2024, more than doubling from ₹42 crore a year ago.
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Source: Moneycontrol
News Desk
