KEC International jumps on bagging two orders worth Rs 371 crore

23 Jan 2012 Evaluate

KEC International is currently trading at Rs. 53.30, up by 1.55 points or 3.00% from its previous closing of Rs. 51.75 on the BSE.

The scrip opened at Rs. 51.40 and has touched a high and low of Rs. 53.95 and Rs. 50.80 respectively. So far 96811 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 95.30 on 18-Apr-2011 and a 52 week low of Rs. 31.80 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 54.25 and Rs. 46.55 respectively. The current market cap of the company is Rs. 1343.29 crore.

The promoters holding in the company stood at 41.99% while Institutions and Non-Institutions held 42.02% and 15.99% respectively.  

KEC International, a billion dollar global infrastructure EPC major has bagged two orders worth Rs 371 crore for the construction of transmission lines in India. The company has secured order from Power Grid Corporation of India (PGCIL) worth Rs 258 crore for the supply and construction of 400 kV double circuit transmission line from Bhachau, Kuch distric to Essar thermal power station in the state of Gujarat. The total length of the line is 260 kms and the contractual completion time is 26 months.

The company has bagged another order from Haldia Energy, Subsidairy of CESC for the supply and construction of 400 kV double circuit river crossing transmission line from Haldia thermal power plant to Shubham Gram, crossing the Ganga river at Kolkata. The contractual completion time for the project is 18 months.

KEC International is mainly into the business of design, manufacture and erection of transmission towers and power transmission lines on EPC basis. Besides, the company has now broadened its activities by diversifying into the distribution and substation sector (through rural electrification projects), railway electrification projects as well as providing services like optical fibre installations, Satellite/GPRS surveys and turnkey telecom infrastructure services.

KEC International Share Price

998.65 6.55 (0.66%)
22-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 3604.55
Rail Vikas Nigam 420.40
NCC 284.00
KEC International 998.65
Kalpataru Projects 1122.45
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