Rs 41,000 crore order book: Power Transmission & Construction Company Bags New Orders of Rs 1034,00,00,000
The stock is up by 17.4 per cent from its 52-week low of Rs 605.05 per share and a whopping 665 per cent in a decade.
KEC International Ltd., an RPG Group Company, has bolstered its order book with new contracts worth Rs 1,034 crores across its diverse business segments. In the Transmission & Distribution sector, the company secured a STATCOM project from a global OEM within India and will supply towers, hardware, and poles in the Americas. The Civil business has been awarded projects for establishing a semiconductor plant for a major private player and executing an upstream project for a leading steel company, both located in India. Additionally, the Cables division has secured orders for the supply of various types of cables across the Indian market, demonstrating KEC International's continued growth and diversification in the infrastructure EPC space.
About the Company
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 & urban infrastructure, solar, oil & gas pipelines and cables. The company is currently executing infrastructure projects in 30+ countries and has a footprint in 110+ countries (including EPC, supply of towers and cables). It is the flagship Company of the RPG Group. RPG Enterprises, established in 1979, is one of India’s fastest-growing business groups with a turnover of USD 4.8 billion. The group has diverse business interests in the areas of infrastructure, tyres, pharma, it and speciality as well as in emerging innovation-led technology businesses.
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KEC International Ltd had a market cap of over Rs 21,000 crore and has been maintaining a healthy dividend payout of 35 per cent. The company reported amazing numbers in its Quarterly Results (Q2FY25) and annual results (FY24). The company’s current order book stands at Rs 41,000 crore, including the L1 orders as of December 31, 2024. Tenders under evaluation and in the pipeline of over Rs 1,50,000 crore.
As of March 2025, FIIs have increased their stake to 15.42 per cent compared to 15.20 per cent in December 2024. The stock is up by 17.4 per cent from its 52-week low of Rs 605.05 per share and a whopping 665 per cent in a decade.
Disclaimer: The article is for informational purposes only and not investment advice.