KEC International share price up nearly 5% on new orders worth Rs. 1,192 crore.

KEC International share price added nearly 5 percent in the early trade on August 4 after the company bagged new orders worth Rs 1,192 crore across various businesses.

The T&D business and SAE. Towers have secured orders of Rs 821 crore for T&D projects in India, SAARC, Malaysia, Africa and the Americas.

The Urban Infra business has secured an order of Rs. 146 crore from Kochi Metro Rail Limited (KMRL) for the construction of viaduct along with station for the Phase 1 extension of Kochi metro rail project in India.Civil business has secured an order of Rs. 57 crore for infra works in the warehouse space in India and Cables business has secured orders of Rs. 168 crore for various types of cables/ cabling projects in India.

"Our T&D order book continues to grow on the backdrop of orders secured across various geographies. We are particularly enthused by the second order win from Kochi Metro which enables us to further strengthen ou

r presence in the Urban Infra sector. The entry of our Civil business in the warehouse space opens up a large opportunity for us in this growing area,” said Vimal Kejriwal, MD & CEO, KEC International.

A meeting of the board of directors of the company is scheduled to be held on August 10, 2020, to consider and approve the unaudited standalone and consolidated financial results of the company for the quarter ended June 30,