Business

KEC International Bags Orders Worth Rs 1,503 Crore, Stock Edges Lower

KEC International Bags Orders Worth Rs 1,503 Crore, Stock Edges Lower

Share price of KEC International edges marginally lower on Friday, July 30, even as the infrastructure major announced that it secured new orders worth Rs 1,503 crore across various businesses. The company also released its April-June quarter results for the financial year 2021-22 today, reporting a net profit of Rs 46.14 crore on a consolidated basis, compared to Rs 70.80 crore in the year-ago period.

On Friday, shares of KEC International settled 0.42 per cent lower at Rs 427.40 crore apiece on the BSE.