Rs 35,000 crore order book & DIIs increase stake: This power transmission and infrastructure company bags new order worth Rs 1,566 crore!
Shares of the company grew by more than 20 per cent in the last one year.
KEC International, a leading EPC player in the RPG Group, bagged a massive Rs 1,566 crore new order bonanza across diverse sectors. The Transmission & Distribution segment took center stage with orders for 400/220 kV transmission lines, 220/132 kV substations in India, and tower supplies in the Americas. The Civil business secured an order in the commercial building segment, while Oil & Gas Pipelines bagged a composite works order for an Indian terminal station. Finally, the Cables segment added contracts for supplying various types of cables in India and overseas. This diverse order win across sectors signals KEC's strong capabilities and potential for continued growth.
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Earlier last month, the company also secured new orders worth Rs 1,005 crores across its various businesses, including Transmission and Distribution (T&D), Railways, and Cables. The company has won orders for T&D and cabling projects in India, the Middle East, Europe, Africa, and the Americas, as well as 25 kV Overhead Electrification (OHE) works in the conventional segment in India.
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. Additionally, DIIs increased their stake in the company in September 2023.
The company has an order book of more than Rs 35,000 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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