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KEC International's Share Price Surges Over 7% on Order Win
KEC International Wins Contracts Worth Rs 1,171 Crore
Shares of KEC International, a construction engineering company, surged as much as 7 percent on August 29, 2024, after the company secured orders worth Rs 1,171 crore.
Order Details
- The orders were for the company's Transmission and Distribution (T&D) and cables business.
- The orders were worth Rs 1,025 crore.
- The orders were won from various business segments.
The surge in share price came after KEC International announced the order wins in a regulatory filing.
Reasons for the Surge
- The orders are expected to boost the company's revenue.
- The orders are a sign of the company's strong execution capabilities.
- The orders are in line with the company's growth strategy.
Shares of KEC International closed at Rs 371.85, up 6.51 percent from the previous close.
Source: KEC International Share Price - BSE
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