The company made this announcement after market hours on Tuesday, 3 July 2012.

Meanwhile, the BSE Sensex was down 25.13 points or 0.14% to 17,400.58.

On BSE, 25,000 shares were traded in the counter as against average daily volume of 46,022 shares in the past one quarter.

The stock hit a high of Rs 58.75 and a low of Rs 57.55 so far during the day. The stock had hit a 52-week high of Rs 84.25 on 21 July 2011. The stock had hit a 52-week low of Rs 31.80 on 20 December 2011.

The stock had outperformed the market over the past one month till 3 July 2012, surging 16.87% compared with Sensex's 9.15% rise. The scrip had, however, underperformed the market in past one quarter, falling 12.02% as against Sensex's 0.98% fall.

The company has an equity capital of Rs 51.42 crore. Face value per share is Rs 2.

KEC International said it has completed the phase-1 expansion by commending the commercial production of high tension (HT) power cables (up to 33 kV) at its green-field facility at Vadodara in Gujarat with effect from 2 July 2012. This will have annual production capacity of approximately 1,800 kilometers (KM) of cables, the company said in a statement.

In phase-2, the company is in process of expanding its product portfolio by commencing manufacturing of extra high voltage (EHV) power cables (up to 220 kV) at its green-field facility at Vadodara in Gujarat. This facility will also have capability to manufacture 400 kV EHV cables, KEC International said in a statement. The company expects to complete phase-2 expansion shortly, the company added. On completion of both the phases, the Vadodara facility will have total annual production capacity of approximately 4,000 KM of cables, KEC International said in a statement.

Commenting on the development, Mr Ramesh Chandak, MD & CEO, KEC International said, "Our green-field cables plant at Vadodara is a world class facility and has state-of-the-art machinery, matching global standards. This facility will play an important role in expanding our presence in the growing HT and EHV cables segment".

KEC is amongst the leading manufacturers of power and telecom cables in India. The company exports its cables to over 20 countries. The company's product portfolio in the cables business includes low tension, high tension, extra high voltage (EHV) power cables, control cables, instrumentation cables, aerial bunched cables, optical fiber and jelly filled copper telecommunication cables.

KEC International's consolidated net profit fell 5.3% to Rs 74.42 crore on 32.1% growth in net sales to Rs 2018.18 crore in Q4 March 2012 over Q4 March 2011.

KEC International is a global infrastructure engineering, procurement and construction (EPC) company. It has presence in the verticals of power transmission, power systems, cables, railways, telecom and water. The company has powered infrastructure development in 46 countries across South Asia, Middle East, Africa, Central Asia and Americas. It is a flagship company of the RPG Group.