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Our Bureau

Mumbai, July 25 Power towers manufacturer KEC International Ltd has reported 73.83 per cent growth in net profits for the first quarter of FY-2008. The profits grew to Rs 25.31 crore from Rs 14.56 crore reported in the corresponding period last year.

Mr Ramesh Chandak, Managing Director of KEC International, said the Rs 380-crore order from Kazakhstan during the quarter improved the profits. Net sales for the quarter grew 24.06 per cent to Rs 511.58 crore (Rs 412.36 crore) in the corresponding quarter last year.

For the quarter the order book position was Rs 3,250 crore (Rs 2,800 crore). The stock on Wednesday closed at Rs 602.90 (Rs 614.85) a drop of 1.94 per cent over previous day closing.

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