KEC International, a prominent player in the infrastructure sector, witnessed a significant uptick in its share price, rising by 5% during the early trade on June 27. This surge followed the announcement of securing new orders totaling Rs 1,025 crore across its Transmission & Distribution (T&D) and Cables businesses.
In the Transmission & Distribution segment, KEC International secured multiple key projects across diverse geographical regions. These include a substantial 765 kV GIS Substation project in India, awarded by the Power Grid Corporation of India Limited (PGCIL). Additionally, the company secured a comprehensive 225 kV Composite project involving Transmission lines, Substations, and Underground cabling in West Africa. Moreover, KEC International also clinched contracts for supplying towers, hardware, and poles in the Americas region.
Simultaneously, in its cables business, KEC International received orders for various types of cables catering to both domestic and international markets.
The flurry of new orders underscores KEC International’s robust capabilities and strategic expansion efforts in critical infrastructure projects globally. The positive market response reflected in the 5% increase in its share price highlights investor confidence in the company’s growth trajectory and operational prowess.
Overall, these developments position KEC International favorably within the infrastructure sector, showcasing its ability to secure and execute large-scale projects across diverse markets.
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