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Shares of KEC International were trading 3.47% higher at Rs 308.9. The stock trades above its 50 days and 200 days moving average placed at Rs 277.05 and Rs 288.04 respectively. These levels will act as support levels in near term.
The urban transport business secured an order of Rs 964 crore for the construction of elevated via duct along with 8 stations of the Delhi Metro Phase IV project, from Delhi Metro Rail Corporation (DMRC).
The transmission & distribution business secured two orders of Rs 391 crore for construction of 400 kV transmission lines in Nepal.
The railways business secured an order of Rs 165 crore for construction of road over bridges in Western India. The announcement was made on Saturday, 21 December 2019.
Earlier on 6 December 2019, KEC International announced that it secured orders of Rs 1,025 crore across its various businesses.
KEC International is a global infrastructure engineering, procurement and construction (EPC) major. It has presence in the verticals of power transmission and distribution, railways, solar, civil, smart infrastructure and cables.
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