This flagship company of RPG group received new orders worth Rs 1313 crore. Do you own it?
Their YTD order intake stands at Rs 14,500 crore; showcasing a robust growth of 20 per cent compared to last year
KEC International Ltd is primarily engaged in engineering, procurement and construction business (EPC) relating to infrastructure products, projects and systems and related activities for power transmission, distribution, railway and other EPC businesses. The Company is currently executing infrastructure projects in 30+ countries and has a footprint in 110+ countries. It is the flagship company of the RPG Group.
On Monday, the company announced that it has received new orders of Rs 1313 crore across its various businesses. The Transmission & Distribution (T&D) business secured orders for T&D projects in India, East Pacific and SAARC.
The solar business has secured a large order for a 500 MW solar PV project, which is KEC’s largest solar order in India. In line with the Government’s thrust on green hydrogen and renewables, they are now focusing on this solar business. With these orders, their YTD order intake stands at Rs 14,500 crore; showcasing a robust growth of 20 per cent compared to last year.
Post the announcement of the news, the shares soared over 1.9 per cent from the previous closing level of Rs 477.15 to make an intraday high of Rs 486.50. The scrip witnessed some profit booking and closed down by 0.19 per cent at Rs 476.25.
KEC International has shown positive traction in the past few trading sessions as it has given over 15 per cent in the past month and over 31 per cent in the last 6 months. Keep a close eye on this trending stock.