KEC International Wins Orders Totaling Rs 1,704 Crore From Power Grid

KEC International Ltd, a prominent player in the infrastructure sector, continues to make strides with impressive order acquisitions. From expanding its Transmission & Distribution (T&D) portfolio in India to securing international contracts, the company is showcasing robust growth and diversification. The latest orders highlight its commitment to delivering high-quality projects across various segments.

KEC International Secures Rs. 1,704 Crore Order from PGCIL

KEC International Ltd announced on November 27 that it has secured a substantial turnkey order worth Rs. 1,704 crore from Power Grid Corporation of India Ltd (PGCIL). The project involves the design, supply, and installation of 765 kV transmission lines and GIS substations, reinforcing the company’s leadership in the T&D sector.

Vimal Kejriwal, MD and CEO of KEC International shared his optimism, stating, “These 765 kV orders from PGCIL have further strengthened our India T&D order book, reaffirming our confidence in the continued strong growth of this business.” With this milestone, KEC’s year-to-date (YTD) order intake has reached Rs. 16,300 crore, reflecting a remarkable growth of over 60% compared to last year.

Expanding Global and Domestic Presence

Apart from the PGCIL order, KEC International has bagged additional contracts worth Rs. 1,114 crore across various business verticals. The T&D division secured international projects, including a 400 kV transmission line in Oman and supply orders in the Americas.

The civil segment won contracts within the industrial sector in India, while the railways division obtained a notable project for Metro Overhead Electrification (OHE) works using advanced technology. The cable business further bolstered its portfolio with orders to supply diverse cable types to clients in India and abroad.

KEC International Share Performance

KEC International’s stock currently trades at Rs.1059.70 per share up by 3.5% from its previous day’s closing price. Over the past month, it has experienced a notable rise of 16.88%. On a year-over-year basis, the stock has surged by 86.26%,

Conclusion: KEC International Ltd has secured multiple orders across its Transmission & Distribution, civil, railways, and cables segments. The company’s year-to-date order intake of Rs. 16,300 crore represents a growth of over 60% compared to last year.

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.