KEC International share jumped more than 4% in the morning trade after the company received orders worth Rs 1,423 crore for the design, supply and installation of 380 kV transmission lines in Saudi Arabia.
The MD and CEO of KEC International Ltd., Mr. Vimal Kejriwal, said, “We are happy with the continuous inflow of orders, especially in our T&D business. These orders in Saudi Arabia along with the earlier orders in UAE and Oman have further reinforced our leadership in the Middle East and substantially enhanced our international T&D order book. With these orders, our YTD order intake stands at over Rs 11,300 crores, an impressive growth of ~75% compared to last year.”
As of 9:18 am, KEC International shares were trading 3.08% higher at Rs 1,018.15 on the NSE.
