KEC International’s share price jumped almost 8 per cent in intraday trade on Tuesday, September 23, in an otherwise weak market, a day after the company announced a new order win worth ₹3,243 crore.
KEC International’s shares opened at ₹891 against their previous close of ₹866.15 and rose as much as 8 per cent to hit an intraday high of ₹935 on the NSE. Around 9:45 am, the stock traded 7.32 per cent higher at ₹929.55.
KEC International order win details
After market hours on Monday, September 22, KEC International, an infrastructure EPC (engineering, procurement, and construction) company, said it had secured new orders of ₹3,243 crore for transmission and distribution projects.
The order is for 400 kV transmission lines in the United Arab Emirates (UAE) and the supply of towers, hardware and poles in the Americas.
(This is a developing story. Please check back for fresh updates.)
