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According to an exchange filing, the company’s Transmission & Distribution (T&D) business has secured new orders for projects in both India and the Middle East. These include transmission line and substation orders in the UAE and Kuwait, as well as a substation order from a private TBCB player in India.
The company’s civil business segment has obtained an order for a residential project from a prominent private developer in Western India.
The transportation segment has received an order in the prestigious Train Collision Avoidance System (TCAS) segment under the ‘Kavach’ initiative in India. Additionally, the cable business has won orders to supply various types of cables both in India and abroad.
Vimal Kejriwal, MD & CEO of KEC International, stated, “The order in the UAE has significantly strengthened our order book in the Middle East substation market. Our Civil business continues to grow its client base in the residential segment with the addition of a well-known real estate developer.”
He further mentioned, “With these orders, our total order intake for FY25 has reached a record Rs 24,600 crore, reflecting a robust 36% growth compared to last year.”
KEC International share price
Shares of the company rose 10% and underperformed its sector by 51% in the past year. Meanwhile, the stock offered 105% and 361% returns in three and five years, respectively. According to Trendlyne data, KEC International has better one year returns than Nifty50 and Sensex, but worse returns than industry and sector.
About KEC International
KEC International Ltd., established in 2005, is a mid-cap company with a market capitalization of Rs 21,076.39 crore. It operates primarily in the power sector.
The company is primarily engaged in the Engineering, Procurement, and Construction (EPC) business, focusing on infrastructure-related products, projects, systems, and related activities. These span across power transmission, distribution, railway, civil, cable, and other EPC sectors.
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https://economictimes.indiatimes.com/markets/stocks/news/kec-international-shares-in-focus-on-bagging-new-orders-worth-rs-1236-crore/articleshow/119891271.cms
