India's KEC International hits record high on 14.23 bln-rupee order wins

ABB India

06/09/2024 05:14

** Shares of KEC International  KECL.NS  rise as much as
5.3% to a record high of 1040 rupees; last up 4.1%
    ** Engineering and construction co gets orders worth 14.23
bln rupees ($169.5 mln) to install transmission lines in Saudi
Arabia
    ** KECL on track for fourth straight session of gains
    ** Vol of shares traded is nearly the same as the 30-day avg
    ** Stock up ~76% YTD vs a ~64% and ~98% rise in rivals ABB
India  ABB.NS  and Kalpataru Projects International  KAPT.NS ,
respectively

($1 = 83.9525 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))