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The company expects to win around 25 percent of all Indian Railways tenders for Kavach systems; sees interim Budget giving thrust on capex for developing railway infrastructure.
KEC International stock gained 7.32% to Rs 675 against the previous close of Rs 628.05 on BSE. Market cap of KEC International rose to Rs 17,255 crore.
Data shows that its year-to-date order win stands at Rs 13,000 crore.
The company has also secured orders for the supply of various types of cables in India and overseas
The company's bottom line improved mainly due to a Rs 55.67 crore change in inventory of finished goods inflow seen during the quarter as compared to a Rs 17.91 change in inventory of finished goods outgo seen in the same period a year ago.