KEC International Share Price Surge 4% on Securing New Orders Worth Rs 1,114 Crore

KEC International Ltd., a global EPC (Engineering, Procurement, and Construction) leader under the RPG Group, announced securing orders worth Rs 1,114 crore across its diverse business verticals. This announcement caused a 4% surge in its share price on November 25, 2024, underscoring the market’s confidence in the company’s strategic growth initiatives.

Breaking Down the New Orders

The company’s latest orders are spread across multiple segments, showcasing its diversified expertise:

• Transmission & Distribution (T&D):
  Orders for a 400 kV transmission line project in Oman and the supply of towers, hardware, and poles in the Americas reinforce KEC’s global dominance in the power transmission sector.
• Civil:
  The civil business secured orders in India’s industrial segment, further expanding its presence in domestic markets.
• Railways:
  A significant order was won for Metro Overhead Electrification (OHE) works in India, a technologically advanced area aligned with urban infrastructure goals.
• Cables:
  Orders for supplying various cables to both Indian and international markets highlight the company’s robust manufacturing capabilities.

Management’s Perspective

Commenting on the achievement, Vimal Kejriwal, MD & CEO of KEC International, said:
“The Oman order, along with earlier wins in Saudi Arabia and UAE, cements our leadership in the Middle East. Our Civil business continues to diversify its client base, while the Railways’ Metro OHE order represents a key focus area for us. These wins elevate our YTD order intake to approximately Rs 14,600 crore, reflecting 50% growth over last year.”

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