KEC International Shares Dropped Over 5% Despite Securing New Orders of ₹1,136 Crore

On January 8, 2024, KEC International shares slumped over 5%, reaching a day low of ₹1,064.00 after opening at ₹1,150.00 at 11:30 AM. The fall in KEC International shares came despite the announcement of positive news of securing new orders worth ₹1,136 crores across its diverse business segments:

• Transmission & Distribution (T&D): The company has been awarded a 765 kV Transmission Line project in India by Power Grid Corporation of India Limited (PGCIL).
• Transportation: KEC has received a significant order in the prestigious Train Collision Avoidance System (TCAS) segment under the ‘Kavach’ initiative in India.
• Oil & Gas Pipelines: The company has secured a design, supply, and construction order for a pipeline and related works from a prominent public sector undertaking (PSU) in India.

Leadership Comments 

Mr. Vimal Kejriwal, MD & CEO, of KEC International Ltd. commented, “We are delighted with the multiple orders secured across our business verticals. The 765 kV order from PGCIL for the evacuation of green energy has boosted our T&D order book in India. Our Transportation business has strengthened its presence in the growing TCAS segment under ‘Kavach’ to enhance the safety of Indian Railways with world-class technology. The Oil & Gas Pipelines business has widened its footprint by securing its first order in the composite space (including design, supply and build). With these new orders, our YTD order intake has reached ₹20,600 crores, a growth of ~80% vis-à-vis last year.”

KEC International Previous Orders

• On Jan 3, 2025, KEC Internation received new orders of ₹1,097 crores in its Transmission and Distribution (T&D) business from UAE for setting up 400 kV Transmission lines and Americas for the supply of towers, hardware and poles across the United States, Mexico and Brazil.
• On December 30, 2024, the company secured orders of ₹1,073 crores across its various businesses for T&D projects in the Middle East and SAARC region, and design, supply, & construction of a passenger ropeway in the North-East. Cables.

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