/ KEC International Bags Orders Worth Rs 1943 Cr Stock Surges 4% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 10 March 2017

India's second largest manufacturer of electric power transmission towers, KEC International, has bagged new orders worth Rs 1943 cr. Transmission and distribution business has secured orders of Rs 1408 cr; cable business secured orders worth Rs 85 cr; and  solar business secured orders of Rs 450 cr.

The stock witnessed a sharp surge after the announcement. At the time of filing this report, it was trading at Rs 168.3 per share, up by nearly 4%.

KEC International is a global infrastructure engineering, procurement and construction (EPC) major. It has presence in the verticals of Power Transmission and Distribution, Cables, Railways, Water, Renewables and Civil.

BSE Capital Goods index is outperforming the major indices on Friday. It is trading higher by 0.5%. The peers of KEC International are also trading in positive territory on Friday, where BHEL is trading higher by 0.9% , BEL is trading higher by 0.6% and NBCC is trading higher by 1.5%. 

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