This small-cap infra stock secured orders worth Rs 1,294 crore!
Although, the company reported weak quarterly and annual results, the share of the company spurt in volume by more than 2.15 times.
KEC International Ltd., a global infrastructure company, has secured new orders of Rs 1,294 crore across its various businesses. The transmission & distribution (T&D) business secured a large order for the supply of towers in America, secured by the company's Brazilian subsidiary, SAE Towers. In India's technologically enabled segment, Chennai Metro and Mumbai Metro have each placed two orders with the railway industry for Ballastless Track Works (BLT). Additionally, the cable industry has received orders for a variety of cables, both domestically and abroad.
Although the company reported weak quarterly and annual results, the share of KEC International Ltd spurt in volume by more than 2.15 times. The current PE multiple and ROE for KEC International stock are 33.71 and 8.59, respectively.
KEC International is a global infrastructure engineering, procurement, and construction (EPC) major. It has a presence in the verticals of power transmission & distribution, railways, civil and urban infrastructure, smart infrastructure, oil & gas pipelines, and cables. It is the flagship company of the RPG Group established in 1979. RPG Group is one of the most dynamic business groups in India, with a turnover of US$ 4 billion.
Today, KEC International's share fell by 2.39 per cent to Rs 428.45. Traders need to keep this on their watch list.