KEC International receives an Income Tax Refund of Rs. 177 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, announced today that it has received a refund of Rs. 177 crores from the Income Tax Department.

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are pleased with this substantial income tax refund, which includes both the principal amount and applicable interest from past tax assessments. This refund strengthens our liquidity position and further enhances our financial leverage. As we move forward, we remain committed to operational excellence and prudent capital management to drive sustainable growth across our business verticals."

Shares of KEC International Limited was last trading in BSE at Rs. 720.15 as compared to the previous close of Rs. 698.45. The total number of shares traded during the day was 25684 in over 1199 trades.

The stock hit an intraday high of Rs. 722.00 and intraday low of 688.00. The net turnover during the day was Rs. 18260271.00.

Source : Equity Bulls

Keywords

KECInternational INE389H01022 ITRefund