KEC International informed the bourses today that it has resumed operations/dispatches at all its five factories in India in a phased manner. A large number of the company’s domestic project sites for T&D, railways, civil business have also commenced operations in a phased manner after receiving the required approvals & advisories. The company has already applied for permissions for the remaining project sites and hopes them to start soon.
Further, the company stated that it is taking necessary steps as well as ensuring complete sanitisation and social distancing norms at all its factories & project sites, in accordance with the directions issued by the local authorities in order to ensure health and hygiene of its direct and contractual employees.
The stock of KEC International surged almost six per cent post the announcement of this development to touch an intraday high of Rs 197.85.
KEC International is a global infrastructure EPC major. It has a presence in power transmission & distribution, cables, railways, water, solar and civil.