Taxing Times Turn Golden: KEC International Cashes In on 1.77 Billion Rupee Refund!

KEC International Ltd, an international infrastructure engineering, procurement, and construction firm, has declared the payment of a large income tax refund of 1.77 billion rupees. This sudden shot in the arm comes when the company has been performing well in the market. KEC's stock price recently rose 1.81% from a previous close of Rs 686.30 as investors remained hopeful. The firm has also been winning new orders and growing business operations. Such a tax refund is expected to improve KEC's financial resources and could lend support to its growth initiatives which are in force.

 

Source: Based on article from The Economic Times and Moneycontrol