KEC International surges on winning orders worth Rs 437 crore

KEC International is currently trading at Rs. 122.00, up by 2.20 points or 1.84% from its previous closing of Rs. 119.80 on the BSE. The scrip opened at Rs. 125.30 and has touched a high and low of Rs. 129.90 and Rs. 121.20 respectively. So far 56465 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 129.90 on 27-May-2014 and a 52 week low of Rs. 23.25 on 04-Sep-2013. Last one week high and low of the scrip stood at Rs. 129.90 and Rs. 101.90 respectively. The current market cap of the company is Rs. 3212.32 crore. The promoters holding in the company stood at 49.41% while Institutions and Non-Institutions held 35.84% and 14.75% respectively. KEC International (KEC), a global infrastructure EPC major, an RPG Group company has secured new orders worth Rs 437 crore in its Transmission and Cables businesses. In Transmission and Distribution Businesses, the Company has secured orders in UAE, Oman, Kenya and the Americas amounting to Rs 373 crore. In Cables Business, the Company has secured orders for the supply of Power and Telecom Cables. The total value of these orders is Rs 64 crore. In UAE, the company has secured an order for modification of 220kV and construction of new 400 kV double circuit transmission line. The order is secured from the Abu Dhabi Transmission & Dispatch Company (TRANSCO) and the order value is Rs 267 crore. In Oman, the company has secured an order for construction of 132/33 kV grid station and associated transmission line. The order value is Rs 47 crore. In Kenya, the company has secured an order for supply and installation of 220 kV transmission line and bay extension. The order is secured from Kenya Electricity Generating Company (KenGen) and the order value is Rs 9 crore. In Americas, SAE Towers, the wholly owned subsidiary of the Company has secured orders for the supply of lattice towers, monopoles and hardware from the United States, Brazil and Mexico. The total value of orders is Rs 50 crore ($ 8.1 million). KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major. It has a presence in the verticals of power transmission, power systems, cables, railways, telecom and water.