KEC International share price gains upto 9% on a large order worth ₹1,079 crore

KEC International’s share price surged over 9% on the back of a significant order win worth ₹1,079 crore. The company, a leading player in the power transmission and infrastructure space, announced that it had secured a large order for the construction of a 400 kV transmission line in the Western region.

The order, awarded by a prominent public sector undertaking, is a testament to KEC International’s technical expertise and execution capabilities. The project is expected to be completed within 18 months, and the company’s shares reacted positively to the news, gaining 9.4% to close at ₹443.50 on the BSE.

This development is a significant boost to KEC International’s order book, which now stands at a record high of ₹24,000 crore. The company’s management expressed optimism about the future, citing a strong pipeline of projects and a favorable business environment.

Analysts have also upgraded their outlook on the stock, citing the company’s robust order book and strong execution track record. The order win is seen as a major milestone for KEC International, reinforcing its position as a leading player in the power transmission and infrastructure sector.

The company’s shares have been on an uptrend in recent months, driven by a combination of strong order inflows and robust financial performance. With this latest order win, KEC International is well-positioned to capitalize on the growing demand for power transmission and infrastructure projects in India and abroad.