KEC International Shares Price Rise 5% on ₹1,025 Crore Orders Win

KEC International's share price increased by 5% in the opening trade on June 27, following the announcement that the company had secured new orders worth ₹1,025 crore in its T&D and Cables businesses.

At 09:32 AM IST, KEC International’s share price was trading at ₹912.25, up ₹49.30, or 5.71%, on the BSE.  Tha market capitalisation of KEC International is ₹23,429.75 crore, according to Bombay Stock Exchange (BSE). 

The Transmission & Distribution (T&D) business of KEC International has recently secured several significant projects across India, Africa, and the Americas. These include a 765 kV GIS Substation project in India awarded by Power Grid Corporation of India Limited (PGCIL), a comprehensive 225 kV Composite project involving transmission lines, substations, and underground cabling in West Africa, and contracts for supplying towers, hardware, and poles in the Americas.

Additionally, the cables business has received orders for various types of cables, catering to both domestic and international markets. Earlier, on June 7, the company secured new orders worth ₹1,061 crore across its various businesses. Furthermore, on June 5, the company secured orders worth ₹1,002 crore in its civil business.

“We are pleased with the continuous inflow of orders, especially in our T&D business. The orders in T&D have substantially expanded our order book in both domestic and international markets. With the above orders, our year-to-date (Y-T-D) order intake has surpassed ₹4,000 crore, with a staggering growth of over 70 per cent vis-à-vis last year. These orders along with the orders announced earlier during the year, reaffirm our confidence in achieving the targeted growth going forward,” said Vimal Kejriwal, MD & CEO, KEC International Ltd. 

KEC International is a global player in infrastructure Engineering, Procurement, and Construction (EPC). The company operates across various sectors, including Power Transmission and Distribution, Railways, Civil Engineering, Urban Infrastructure, Solar Energy, Oil & Gas Pipelines, and Cables. As a flagship entity of the RPG Group, KEC International maintains a strong global presence.

The company is actively engaged in executing infrastructure projects in over 30 countries and has established its footprint in more than 110 countries. Its operations encompass EPC services, supply of towers, and cables, showcasing its diversified capabilities and extensive reach in the global infrastructure landscape.