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KEC International gains on the buzz of plan to foray overseas in solar segment

28 Apr 2017 Evaluate

KEC International is currently trading at Rs. 218.40, up by 0.55 points or 0.25% from its previous closing of Rs. 217.85 on the BSE.

The scrip opened at Rs. 218.75 and has touched a high and low of Rs. 219.95 and Rs. 216.10 respectively. So far 44672 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 232.20 on 07-Apr-2017 and a 52 week low of Rs. 111.20 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 226.00 and Rs. 216.00 respectively. The current market cap of the company is Rs. 5621.24 crore.

The promoters holding in the company stood at 50.86%, while Institutions and Non-Institutions held 32.45% and 16.69% respectively.

In order to gain better margins, KEC International is reportedly looking to foray into overseas markets in the solar segment. In addition to solar, the company will also look at railway opportunities in foreign markets.

The company also looks to grow its order book by 10% and revenue up to 20% in the current financial year. As of date, the company’s total order book stands at Rs 12,500 crore. Of this, solar projects contribute 5% to the total order book value.

KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major. It has presence in the verticals of Power Transmission and Distribution, Cables, Railways, Water and Renewables.

KEC International Share Price

559.60 -20.50 (-3.53%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4050.00
Rail Vikas Nigam 296.30
NCC 160.45
KEC International 559.60
Kalpataru Projects 1240.45
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