KEC Internation Shares Zoomed Over 5% After Securing New Orders of ₹1,171 Crore

KEC International Ltd, a leading global infrastructure EPC player and a part of the esteemed RPG Group, has clinched significant new orders of ₹1,171 crore in its Transmission and Distribution (T&D) business. These prestigious projects include:

• A 400 kV Transmission line in the United Arab Emirates (UAE) further solidifies KEC’s presence in the rapidly growing Middle East market.
• A 380 kV Transmission line in Saudi Arabia underscores the company’s commitment to providing critical infrastructure solutions to key energy markets worldwide.

These new orders are a testament to KEC’s unwavering focus on delivering innovative and sustainable T&D solutions.

Mr Vimal Kejriwal, MD and CEO of KEC International Ltd, commented, “We are delighted with the ongoing success in our T&D business, highlighted by a series of significant order wins. The sustained inflow of orders in the Middle East has substantially expanded our International T&D order book. With the above orders, our YTD order intake stands at ~₹10,000 crores, a stellar growth of 80% compared to last year. These orders, coupled with the orders announced earlier during the year, reaffirm our confidence in achieving the targeted growth going forward.”

About KEC International Limited

KEC International is part of RPG Group, which is engaged in Engineering, Procurement, and Construction (EPC). It has a presence in the verticals of Power Transmission and Distribution, Civil, Railways, urban infrastructure, Renewables, Oil and gas Pipelines, and Cables. The company currently executes infrastructure projects in 30+ countries and has a footprint in 110+ countries (including EPC, Supply of Towers, and Cables). On August 29, 2024, KEC International shares opened at ₹897.85 and touched the day high of ₹929.10 at 09:35 AM

About RPG Enterprises

Established in 1979, RPG Enterprises is one of India’s fastest-growing business groups, with a turnover of US$4.8 Billion. The group has diverse business interests in Infrastructure, Tyres, Pharma, IT, and Specialty, as well as emerging innovation-led technology businesses.

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.