KEC International Shares plunges over 4% despite Securing Orders worth Rs 1,445 Crore
The Board of Directors will meet on 3 February 2025 to review and approve the company’s unaudited standalone and consolidated financial statements for the quarter and nine months ending 31 December 2024.
KEC International Shares plunges over 4 despite Securing Orders worth Rs 1,445 Crore
Shares of KEC International Ltd dropped by 4% at the opening trade on 27 January despite the company announcing receiving new orders worth Rs 1,445 crore for transmission and distribution (T&D) projects in India. The Power Grid Corporation of India (PGCIL) placed an order for 800 kV HVDC and 400 kV transmission lines.
The Board of Directors will meet on 3 February 2025 to review and approve the company’s unaudited standalone and consolidated financial statements for the quarter and nine months ending 31 December 2024.
The company’s multiple businesses received new orders totaling Rs. 1,136 crores earlier this month. In December, fresh orders worth Rs 1,073 crore were received by the company’s various operations.
The share hit a 52-week high of Rs 1,312 on 4 December 2024 and a 52-week low of Rs 615.15 on 29 January 2024. The shares of KEC International were trading 3.99% lower at Rs 800.65 on NSE.
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