KEC wins Rs 1,064 crore Saudi transmission order
KEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.4 pts more than Nifty Smallcap 250 and 1.3 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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KEC International has secured a Rs 1,064 crore order from Saudi Arabia for designing, supplying and installing a 380 kV transmission line. The order strengthens the international transmission business and follows earlier wins in Saudi Arabia and the Middle East. Year-to-date order intake has crossed Rs 15,000 crore.
Positive for revenue visibility and the international order book, though the filing gives no completion schedule or margin details.