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KEC International Share Price Gain 3% After ₹177 Crore Tax Refund

Written by: Kusum KumariUpdated on: Mar 18, 2025, 4:31 PM IST
KEC International share price rose 2.72% after the company received a ₹177 crore tax refund, strengthening liquidity. The stock traded at ₹716.05, up 2.52% on the BSE.
KEC International Share Price Gain 3% After ₹177 Crore Tax Refund
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

KEC International share price, an infrastructure EPC company under RPG Group, rose 2.72% to ₹717.45 on the BSE during intraday trading on March 5, 2025. The stock price gained momentum after the company announced receiving a ₹177 crore tax refund from the Income Tax Department.

Impact of the Tax Refund

Vimal Kejriwal, MD & CEO of KEC International, stated that this refund would strengthen the company’s liquidity and improve its financial position. He also reaffirmed the company’s commitment to operational efficiency and prudent capital management for long-term growth.

About KEC International

KEC International is a leading Engineering, Procurement, and Construction (EPC) company engaged in various sectors, including power transmission & distribution, civil construction, transportation, renewable energy, oil & gas pipelines, and cables. The company is currently executing projects in 30+ countries and has a presence in 110+ countries through EPC projects, tower supply, and cable manufacturing.

Stock Performance

The company has a market capitalisation of ₹19,070.57 crore on the BSE. Its shares have traded within a 52-week range of ₹1,312 (high) and ₹648.45 (low). The stock hit an all-time high of ₹1,312 on December 4, 2024, and an all-time low of ₹21.73 on December 10, 2008. Over the past six months, the stock has declined 27%, while it has dropped 1% in the last year.

Current Market Position

At 1:47 PM, KEC International shares were trading at ₹716.05, up 2.52% from the previous close of ₹698.45. Around 0.40 million shares, worth approximately ₹28.50 crore, were traded on the NSE and BSE. Meanwhile, the BSE Sensex was up 670 points (0.92%) at 73,659, while the NSE Nifty50 gained 234 points (1.1%) to reach 22,316.

Conclusion

The tax refund has improved KEC International’s financial position, boosting investor confidence. The company remains focused on operational efficiency and long-term growth.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Published on: Mar 5, 2025, 2:57 PM IST

Kusum Kumari

Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.

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