Rs 30,125 crore order book: This multibagger infrastructure company bags new orders worth Rs 2,157 crore!
Shares of the company grew by more than 38 per cent in the last six months.
KEC International Limited informed in the exchange filing that it had secured new orders worth Rs 2,157 crores across its various business segments. The company has secured various orders from its Transmission & Distribution (T&D): The business has secured orders for T&D projects in India, and the Americas. The order is for a 765 kV Transmission line order in India from an existing private client and supply of towers, hardware and poles in the Americas. In the civil segment, the company has secured prestigious orders from new clients in the data centre and FMCG segments in India. While in the cable segment, the company has secured orders for the supply of various types of cables in India and overseas. The order is worth Rs 1,012 crores.
The company has also won a new order worth Rs 1,145 crore, in its Transmission & Distribution (T&D) business for design, supply and installation of 380 kV overhead transmission Lines in the Kingdom of Saudi Arabia. Furthermore, the company has reported strong Q1FY24 results, with the revenue and PAT growing by 27 and 36 per cent on a YoY basis.
KEC International is a global infrastructure engineering, procurement, and construction (EPC) major. It has a presence in the verticals of power transmission and distribution, railways, civil, and urban infrastructure, solar, innovative infrastructure, oil & gas pipelines, and cables.
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On Friday, the stock opened at Rs 675.05, with a high and low of Rs 681.00 and Rs 657.55. The stock closed trading at Rs 659.65, down by 2.16 per cent. The stock has a 52-week high of Rs 739.00 and a 52-low of Rs 405.20.
The stock has given multibagger returns of over 130 per cent in the last three years. The company has an order book of more than Rs 30,125 crore and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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