KEC International is trading higher by 6% at Rs 62 after the company said it has bagged orders worth Rs 795 crore across its transmission and power system segments in domestic and international markets.
“In the transmission business, the company secured two orders worth Rs 546 crore from Power Grid Corp and one project worth Rs 54 crore from Sri Lanka's Ceylon Electricity Board,” the RPG Group, engineering and construction firm said in a filing.
The company has also bagged three orders worth Rs 195 crore from Kenya Power and Lighting Company for setting up substations and underground cables on turnkey basis, it added.
The stock opened at Rs 59.90 and touched high of Rs 62.70 on the National Stock Exchange. Total 331,305 shares have already changed hands on the counter in morning deals, as against an average of less than 500,000 shares that were traded daily in past two weeks on the NSE and BSE.
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