KEC International Secures Rs 1,566 Crore Order – Full Details Here

KEC International Limited primarily focuses on the Engineering, Procurement, and Construction (EPC) sector, specifically dealing with infrastructure. This includes products, projects, systems, and associated operations within power transmission, distribution, railway, and other EPC sectors, has made a significant announcement regarding orders received by the company.

The official report details that the company has received an order worth Rs 1,566 crore across its various businesses.

The Transmission & Distribution (T&D) arm has successfully obtained contracts for projects both in India and the Americas. This includes securing orders for 400/220 kV Transmission lines and 220/132 kV GIS & AIS Substations in India, as well as the provision of Towers, Hardware, and Poles in the Americas.

In the Civil Sector, an order has been secured in the Indian Commercial building segment. Regarding Oil & Gas Pipelines, the division has acquired an order for composite works related to an oil terminal station within India. Moreover, the Cables business has attained orders for supplying various types of cables, both domestically in India and internationally.

Mr. Vimal Kejriwal, MD & CEO of KEC International commented, “We are pleased with the new order wins, particularly the significant orders in the T&D business. The momentum in our tower supply orders, especially in North America, indicates the growing demand for our product offerings in the region. Our Civil business has further expanded its presence in the commercial building segment with an order from a reputed real estate developer for a hybrid high-rise structure. The Oil & Gas Pipeline business has bolstered its order book by securing its second order for composite station works.”

Share Performance:

Today, KEC International’s shares commenced trading at Rs 590.90 per share, an almost flat opening compared to the preceding day’s closing figure of Rs 590.60 per share. As of writing the article, the company’s shares are trading at Rs 592.20 per share on the BSE.

The market capitalisation of the company stands at Rs 15,224 crore. Additionally, the stock has delivered a moderate return of 24% in the past year, especially when compared to other companies delivering remarkable returns during the same period.

Stock Price Chart (Weekly)

Business Overview:

KEC International Ltd is primarily involved in the Engineering, Procurement, and Construction (EPC) sector, focusing on infrastructure, encompassing products, projects, systems, and associated activities concerning power transmission, distribution, railways, and other EPC domains. As a constituent of the RPG group, the company operates within a diversified conglomerate with stakes in infrastructure, tires, information technology, pharmaceuticals, energy, and plantations.

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.