Shares of KEC International rose nearly 6% in morning trade on February 20 as the company secured new orders worth Rs 3,023 crore.

According to a company press release, KEC International has secured new orders of Rs 3,023 crore across its various businesses.

The civil business has secured orders to perform infrastructure works in India’s water pipelines and commercial buildings.

The power transmission and distribution (T&D) business has won power transmission and distribution project orders in the Americas, and the cable business has won various cable orders in India and overseas.

The company posted a net profit of Rs 17.6 crore in the December quarter, down 81.2% from Rs 93.61 crore in the same period last year. Its revenue rose 31 per cent to Rs 4,374.62 crore compared to Rs 3,340.02 crore in the same period the previous year.

At 9:22 am, KEC International traded at Rs 494.35, up Rs 19.15, or 4.03%.