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BUSINESS

KEC Intl Shares Rise on Securing Order Worth Rs 1,131 Crore

After the company secured new orders of Rs 1,131 crore across its various businesses from domestic and international markets, KEC International rose 1.95% to Rs 468.20. The Transmission & Distribution (T&D) business has secured orders from transmission and distribution (T&D) projects in Africa, India and the Americas. In India, Civil business has secured orders for executing infra works in the Metals & Mining and Pharma segments. The cable business has also secured orders for various cables in India and overseas.

The company has to engage in engineering, procurement and construction business (EPC) relating to projects, infrastructure products and systems-related activities for distribution, power transmission, civil, railway, cable and EPC businesses.

On a consolidated basis, the company’s net profit slipped 31.2% to Rs 55.24 crore despite a 13.3% increase in net sales to Rs 4,064 crore in the July-September quarter of FY23 over the July-September quarter of FY22.

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