KEC International’s share price surged more than 9% in morning trades on Monday, following the announcement of a substantial order win valued at Rs 1,079 crore in its Transmission & Distribution (T&D) and Cables businesses.
The stock of KEC International opened at Rs 889.65 on the BSE, nearly 6% higher than the previous close, and subsequently climbed to Rs 916.95, marking gains of over 9%.
What are the Other Order Details
The RPG Group company, which is a global infrastructure EPC major, disclosed that its T&D business has secured several significant contracts across multiple regions. In India, KEC International has procured an order for 765 kV/400 kV transmission lines from a prominent private developer.
In Saudi Arabia and Oman, the company has won orders for 230/132 kV transmission lines. Additionally, in the United Arab Emirates (UAE), KEC International has been awarded contracts for upgrading an existing 400 kV transmission line.
Stock Performance in Last One Year
KEC International shares have delivered positive returns across various time frames. Over the last month, the stock has shown a positive return of 3%, indicating short-term growth. In the last six months, the performance has been even more impressive, with a substantial increase of 32.19%, showcasing the stock’s resilience and upward momentum.
Year-to-date, KEC International shares have surged by 46.33%, emphasizing the stock’s positive trajectory in the current calendar year. Looking back over the last twelve months, the stock has demonstrated significant growth, surpassing 35%. These consistent positive returns underscore the stock’s strong performance and appeal to investors.
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