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KEC International bags order worth Rs 1,005 crore

21 November 20233 mins read by Angel One
Shares of the company have generated an impressive return of 47% in the past year.
KEC International bags order worth Rs 1,005 crore
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KEC International Limited is primarily focused on the Engineering, Procurement, and Construction (EPC) sector, specifically dealing with infrastructure. This includes products, projects, systems, and associated operations within power transmission, distribution, railway, and other EPC sectors, has made a significant announcement regarding orders received by the company.

As detailed in the official report, the company has received an order worth Rs 1,005 crore across its various businesses.

The Transmission & Distribution (T&D) division has successfully obtained contracts for T&D and cabling ventures across diverse regions such as India, the Middle East, Europe, Africa, and the Americas. These include:

  • Establishing 220 and 400 kV Overhead Transmission lines in the Middle East.
  • Implementing 110 kV Transmission lines in Europe.
  • Providing Towers in the Middle East, Africa, and the Americas.
  • Supplying Hardware and Poles in the Americas.
  • Executing 220kV cabling works in India sourced from a prominent Global Steel producer.

The Railways division of the company has achieved a significant milestone by securing an order of 25 kV Overhead Electrification (OHE) and associated works within the conventional segment in India.

Furthermore, the Cables division has successfully obtained orders for supplying a diverse range of cables both within India and across international markets.

KEC Share Performance 

Today, KEC International shares commenced trading at Rs 615.05 per share, indicating a notable 2.61% surge in the opening price compared to the preceding day’s closing figure of Rs 599.35 per share. As of writing the article, the company’s shares are trading at Rs 611.90 per share on the BSE.

The market capitalisation of the company is Rs 15,731 crore. Additionally, the stock has delivered a return of 47% in the past year.

Stock Price Chart (Monthly time frame) 

Business Overview: 

KEC International Ltd is primarily involved in the Engineering, Procurement, and Construction (EPC) sector, focusing on infrastructure, encompassing products, projects, systems, and associated activities concerning power transmission, distribution, railways, and other EPC domains. As a constituent of the RPG group, the company operates within a diversified conglomerate with stakes in infrastructure, tires, information technology, pharmaceuticals, energy, and plantations.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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