KSH International Ltd shares hit a day high of Rs 913.80 on 22 October after Power Grid approval for 765 kV products.

The winding wire maker told exchanges on 22 October that Power Grid Corporation of India Ltd has cleared it to supply parts for high-voltage transformers and reactors.

The approval is dated 21 October. Three products are covered. They are CTC, PICC and BPICC.

In plain terms, these are specially made conductors that go inside large transformers and reactors.

Their job is to carry electricity inside equipment that handles very high voltages. The nod applies to equipment rated up to 765 kV class, one of the highest voltage levels on India’s grid.

It names the company’s Supa facility as the approved site. That means components made there can go into equipment for Power Grid projects across India.

Power Grid is a central transmission utility. It buys high-voltage equipment for the national grid, and its approval is needed to supply parts for equipment connected to its network.

In September, the company said it had secured a consent to operate at Supa, lifting capacity there to 28,800 tonnes a year. It also said it targets 85% capacity use by FY29.

KSH International closed at Rs 903.10 on NSE, up by Rs 17.10 or 1.93% from the previous close of Rs 886.00. About 2.34 lakh shares changed hands, worth Rs 20.91 crore.

The stock is down 5.88% over the past week and 13.25% over the past month, and it sits below its 52-week high of Rs 1,198.00 hit on 9 September.

It’s still up 155.59% so far this year, and its market capitalisation is around Rs 6,119 crore.

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