Custom Search

Thursday, March 31, 2011

KEC International soars on bagging new orders worth Rs 801 crore


KEC International is currently trading at Rs 84.80, up by 3.70 points or 4.56% from its previous closing of Rs 81.10 on the BSE.
The scrip opened at Rs 83.00 and has touched a high and low of Rs 86.25 and Rs 80.60 respectively. So far 2,62,242 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 123.40 on 30-Jul-2010 and a 52 week low of Rs 70.30 on 22-Mar-2011.
Last one week high and low of the scrip stood at Rs 86.25 and Rs 74.20 respectively. The current market cap of the company is Rs 2108.12 crore.
The promoters holding in the company stood at 41.65% while Institutions and Non-Institutions held 43.13% and 15.22% respectively.
KEC International, the flagship company of PRG Group has bagged new orders worth aggregating Rs 801 crore in the areas of Transmission (domestic and international) and cables.
In India, the company has secured three orders from Power Grid Corporation of India (PGCIL) aggregating Rs 224 crore and one order from state utility Aptransco worth Rs 84 crore on Turnkey basis. In International markets, the company has bagged order aggregating worth Rs 386 crore from Saudi Arabia, South Africa, United States and Brazil.
The company has won supply orders for extra high voltage power cables, high tension, low tension and telecom cables from various customers worth Rs 107 crore.
KEC is in the business of manufacture of transmission towers and erection and laying of power transmission lines on an EPC basis. It is a global leader in the power transmission engineering, procurement and construction (EPC) business. The company is one of the largest Power Transmission EPC companies in the world.

No comments: