&w=696&resize=696,0&ssl=1 "KEC Worldwide soars 8% on securing a number of orders; particulars right here | Information on Markets")
Photograph: @KEC_Intl (Twitter)
KEC Worldwide’s shared jumped 8 per cent to Rs 829 per share on the BSE in Monday’s intraday offers. The share worth of the corporate has zoomed 31.67 per cent within the final six months, whereas rallying over 44 per cent within the final one 12 months.
Nonetheless, as we speak’s surge within the inventory worth got here after the corporate on Friday introduced that it has bagged new orders value Rs 1,061 crore throughout its varied companies.
The corporate’s transmission and distribution (T&D) enterprise has acquired orders for T&D tasks in India, East Asia Pacific, and the Americas. These orders embody transmission traces and substation tasks from India, an extra order for a transmission line in Malaysia, and the availability of towers, {hardware}, and poles in America.
Moreover, the agency’s Railways enterprise has secured orders in each technologically enabled and standard segments in India. It acquired its maiden order for composite gauge conversion works and the institution of an influence provide system, together with substations, high-voltage cabling, and related civil works, from the Bengaluru Metro Rail Company (BMRC).
Moreover, the cables enterprise has additionally received orders for the availability of conductors and cables.
Vimal Kejriwal, MD & CEO of KEC Worldwide, commented, “Our Railway enterprise has additional expanded its presence within the technologically enabled areas of metros with the addition of a brand new consumer and secured its first order for Gauge conversion works. With these orders, our 12 months-to-Date order consumption stands at over Rs 3,000 crores, marking a sturdy development of 30 per cent in comparison with final 12 months.”
The corporate’s consolidated web revenue zoomed 110.3 per cent to Rs 151.75 crore within the fourth quarter of fiscal 12 months 2023-24 (Q4FY24) as in contrast with Rs 72.17 crore posted in Q4FY23. Internet gross sales stood at Rs 6,164.83 crore, registering a development of 11.6 per cent 12 months on 12 months.
At 10:54 AM; the inventory of the corporate was up 7.18 per cent at Rs 823 a chunk on the BSE. By comparability the BSE Sensex index was up 0.09 per cent.
KEC Worldwide is a infrastructure engineering, procurement and building (EPC) firm. It has presence within the verticals of energy transmission and distribution, railways, civil, city infrastructure, photo voltaic, oil and fuel pipelines, and cables.
First Revealed: Jun 10 2024 | 10:57 AM IST
&w=1200&resize=1200,0&ssl=1&description=KEC+Worldwide+soars+8%25+on+securing+a+number+of+orders%3B+particulars+right+here+%7C+Information+on+Markets){kind=link}