Mumbai, October 16 (Udaipur Kiran): Shares of KEC International edged higher in Wednesday’s trade after the company announced that its Transmission and Distribution (T&D) business had secured a new order worth Rs 1,038 crore in Saudi Arabia. The stock was trading at Rs. 853.50, up by Rs. 2.95 or 0.35%, compared to its previous close of Rs. 850.55 on the BSE.
The scrip opened at Rs. 863.05 and touched a high of Rs. 874.40 and a low of Rs. 849.40 during the session. Around 26,383 shares were traded on the counter, with the company’s market capitalization standing at Rs. 22,720.17 crore.
The company announced that its T&D business has received a significant order for the design, supply, and installation of a 380 kV Gas Insulated Substation (GIS) in Saudi Arabia, reinforcing its strong execution record in the Middle East.
Earlier, KEC International had secured orders worth Rs 1,174 crore for various transmission and distribution projects in India and the Middle East, highlighting its growing global presence and diversified project portfolio.
The promoters hold 50.10% of the company’s equity, while institutions and non-institutions own 38.58% and 11.32%, respectively.
KEC International, a flagship company of the RPG Group, is a global infrastructure EPC major with operations spanning power transmission and distribution, railways, civil construction, renewables, water, and cables. It has a strong presence in over 100 countries, with a reputation for delivering large-scale infrastructure solutions worldwide.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.