Multibagger smallcap civil construction major hits new all-time high; here's trigger

Shares of the smallcap civilian operation institution has zoomed to its beingness precocious of Rs 1094.95 successful Thursday's trade. The spurt of an implicit 7 per cent successful the banal comes arsenic the institution successful its T&D concern conception i.e,
Transmission & Distribution abstraction has bagged an bid worthy Rs 1,704 crore.

In the filing with the exchanges, the institution said, "KEC International Ltd., a planetary infrastructure EPC major, an RPG Group Company, has secured prestigious turnkey orders of Rs. 1,704 crores successful its Transmission & Distribution (T&D) concern for Design, Supply and Installation of 765 kV Transmission Lines and GIS Substations from Power Grid Corporation of India Limited (PGCIL)."

Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, “We are delighted with the continuous inflow of orders, particularly successful our T&D business. These 765 kV orders from PGCIL person further strengthened our India T&D bid book, reaffirming our assurance successful the continued beardown maturation of this business. With these orders, our YTD bid intake present stands astatine Rs. 16,300 crores, reflecting an awesome maturation of implicit 60% compared to past year.”