Shares of KEC International gained 2% in early trade on October 14 after the company announced a significant order win in its Transmission & Distribution (T&D) business. The market responded positively as the company strengthens its order book with projects across India and the Middle East.
Market Performance
- Previous closing price: Rs 858.25, up 0.50%
- 52-week range: Rs 605.05 – Rs 1,312.00
- Current position: 33.41% below 52-week high, 44.4% above 52-week low
- Market capitalization: Rs 23,257.89 crore
The stock has shown resilience, maintaining steady performance despite broader market fluctuations.
Main News: New Orders
KEC International secured orders worth Rs 1,174 crore in its T&D segment, covering:
- India: ±800 kV HVDC and 765 kV transmission lines from a reputed private developer
- Saudi Arabia: 380 kV transmission lines
These projects add to the company’s already robust pipeline of recent wins. Last week, KEC International received orders totaling Rs 1,102 crore across various business segments.
Company Orders Overview
Over the past month, the company has accumulated substantial T&D orders:
- Total value: Rs 3,243 crore
- Projects included 400 kV transmission lines in UAE
- Supply of towers, hardware, and poles in the Americas
The steady inflow of projects reinforces KEC International’s position as a leading player in global transmission and distribution infrastructure.
Summary
KEC International’s share price rise of 2% reflects investor confidence following its latest order wins. With a growing order book spanning India, the Middle East, and the Americas, the company continues to strengthen its foothold in the global T&D sector.
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