Shares of KEC International were up 4% on Monday after the firm won orders worth ₹1,079 crore.

What Happened: On Friday after the market hours KEC International announced it secured new orders of ₹1,079 crore in transmission and distribution (T&D) and cables business. 

In the T&D business, the company won orders from India, Middle East and America. KEC got a 765 kilovolt/ 400 kilovolt transmission lines order from a reputed private developer in India, 230/132 kilovolt Transmission line orders from Saudi Arabia and Oman, upgradation of existing 400 kilovolt transmission line in the United Arab Emirates.

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In America, the company won an order to supply towers, hardware and poles. The company also won an order to supply various types of cables in India and overseas. 

Vimal Kejriwal, managing director and CEO, KEC International said the company's order intake reached ₹ 8,700 crore, a 60% increase from previous year.

In its June quarter results, the company’s revenue gained 6% from previous year to ₹4,511.89 crore while its net profit rose more than doubled to ₹87.58 crore.

Price Action: Shares of KEC International surged 4.13% to ₹874.55 on Monday morning

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