KEC International bags orders worth Rs 1,003 crore.

KEC International Limited is a multinational corporation that operates globally and is the second-largest producer of electric power transmission towers in India. Focusing on engineering, construction, procurement, and power transmission, it is also among the largest companies globally. KEC International Ltd. has a substantial order book of Rs 42,000 crore, with 51% of its business coming from the T&D sector, 31% from the civil sector, 10% from railways, 2% from oil and gas pipelines, and 4% from renewables. This indicates a high potential for future growth. The company is active in more than 110 countries, and it is currently working on infrastructure projects (including EPC, tower, and cable supply) in more than 30 of those countries.

A project worth Rs. 1003 crore was given to KEC International Ltd. by several companies:

The company’s shares have experienced positive movement today following the awarding of a significant work order worth Rs 1,003 crore to KEC International Ltd. for its various operations. The company received three orders: one for mechanical and civil work for an Indian steel plant; another for a cable company that supplied various types of cables both domestically and internationally; and the first for its railway division, which included related works for a tunnel ventilation system in India.

Q1 FY25 results at KEC International Ltd:

In terms of the company’s financial situation, revenue increased by 6% from Rs 4,244 crore in Q1 FY24 to Rs 4,512 crore in Q1 FY25; nevertheless, net profit significantly increased by 110% from Rs 42 crore to Rs 88 crore in the same period.

KEC International Ltd.’s stock is up 1%:

KEC International Ltd. is currently up nearly 1% on the day at Rs. 948.35 per share. The stock was trading at Rs. 975.00, up more than 3%, under the winning bid for the Rs. 1003 crore project.

The MD and CEO of KEC International Ltd., Vimal Kejriwal, said:

According to Vimal Kejriwal, MD and CEO of KEC International, “We are happy with the order wins secured across our business verticals.” Our civil division has added a prestigious new client to its portfolio in the metals and mining division, and our railway division has grown in prominence in the expanding tunnel ventilation market. We have received over Rs 12,300 crore in orders so far this year, a remarkable increase of more than 60% from the previous year. Our transmission and distribution (T&D) business accounts for a significant 70% of the orders received this year.

Conclusion: KEC International Ltd. is receiving high-quality projects, and its current order value of Rs. 42,000 is excellent. These factors will help the company realize its FY 2028 vision.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.