23 Sep 2024

KEC International Gains on Winning Rs 1,003 Crore Orders

KEC International's stock is currently trading at Rs. 951.55, marking a rise of 8.90 points or 0.94% from its previous close of Rs. 942.65 on the BSE.

The stock opened at Rs. 971.95, reaching a high of Rs. 972.15 and a low of Rs. 948.50. A total of 10,572 shares have been traded so far.

The company’s stock, which belongs to the BSE group 'A' with a face value of Rs. 2, reached a 52-week high of Rs. 1,039.00 on September 6, 2024, and a low of Rs. 551.00 on November 8, 2023.

In the past week, the stock fluctuated between a high of Rs. 1,030.00 and a low of Rs. 935.40. The current market capitalization stands at Rs. 24,234.44 crore.

Promoters hold 51.88% of the company’s shares, with institutions owning 37.96% and non-institutions 10.17%.

KEC International recently bagged new orders worth Rs 1,003 crore across multiple sectors. This includes a contract in the railway sector for tunnel ventilation and related works in India. Additionally, the civil division secured an industrial project for steel plant construction and mechanical work, while the cables business received orders to supply various cables both domestically and internationally.

KEC International operates globally in power transmission, distribution, cables, railways, water, renewables, and civil infrastructure projects.