06 Sep 2024

KEC International Gains Momentum After Securing New Orders Worth Rs 1,423 Crore

KEC International's stock price surged to Rs. 1006.50, reflecting a rise of 17.50 points or 1.77% from its previous close of Rs. 989.00 on the BSE.

The stock opened at Rs. 1036.05 and fluctuated between a high of Rs. 1039.00 and a low of Rs. 1002.30. A total of 173,648 shares have been traded so far.

The stock, part of the BSE 'A' group with a face value of Rs. 2, achieved a 52-week high of Rs. 1,039.00 on 06-Sep-2024 and a 52-week low of Rs. 551.00 on 08-Nov-2023.

Over the past week, the stock has ranged between Rs. 1039.00 and Rs. 920.95. KEC International's current market capitalization stands at Rs. 26,140.75 crore.

The company's promoters hold 51.88% of the shares, with institutions holding 37.96% and non-institutional investors holding 10.17%.

The company recently secured new orders worth Rs. 1,423 crore for the design, supply, and installation of 380 kV transmission lines in Saudi Arabia. These new orders, along with earlier projects in the UAE and Oman, have bolstered KEC International's leadership in the Middle East and significantly expanded its international transmission and distribution (T&D) order book.

KEC International is a global leader in infrastructure EPC, with operations spanning power transmission and distribution, cables, railways, water, renewables, and civil engineering.