Infra Sector Midcap Co. Bags Orders Worth Rs 1,373 Crores Across Its Various Businesses

In the exchange filing, KEC International Limited, an RPG Group company, informed that it has received new orders worth Rs 1,373 crores across its various business divisions. Post announcement, the stock touched its new 52-week high last week on Wednesday.

The company has secured various orders from its Railways business segment, Civil, Transmission & Distribution (T&D), and Cables.

KEC International wins New Orders of Rs. 1,373 crores

The company in a press release said, KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,373 crores across its various businesses:

Railways: The business has secured orders in the technologically enabled and conventional/emerging segments in India:

• Automatic Block Signaling (ABS) - Orders for Signaling & Telecommunication for Automatic Block Signaling (ABS) system
• Semi High-Speed Rail - Orders for 2 x 25 kV Overhead Electrification (OHE) & associated works for speed upgradation.

Civil: The business has secured orders in the residential and commercial building segments in India.

Transmission & Distribution (T&D): The business has secured orders for T&D projects in India and Americas:

• 400 kV Transmission line order in India
• Supply of towers in India and the United States of America
• Supply of towers, hardware and poles in Americas, secured by our subsidiary, SAE Towers.

Cables: The business has secured orders for various types of cables in India and overseas.

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are pleased with the new order wins secured across our business verticals, especially in Railways. In line with Government's focus on increasing capacity, speed and safety of Indian Railway network, we have forayed in the emerging segment of Automatic Block Signaling (ABS) to increase line capacity through automation. Our Civil business continues to witness an exponential growth trajectory which is reflected in the orders secured. The repeat order in T&D from an existing private developer reaffirms the growth of the India T&D business. We are also witnessing a good traction in the tower supply orders, especially in North America."

Stock Movement

On Friday, the stock of KECInternational ended at Rs. 550.50 apiece, down 0.27% from its previous close of Rs.552 apiece.

Following the announcement, the stock touched its new 52 week high on Wednesday, June 14, 2023, at Rs. 586.15 apiece. It traded the 52 week low on 20 June 2022 at Rs. 352 apiece.

The stock jumped 2.56% in 1 week, 5.255 in 1 month and 17.43% in 3 months, respectively. It gave 47.47% positive return in 1 year. In 3 years, it gave 139.97% positive return. In 5 years, it gave a 53.11% positive return.

About - KEC International Limited

KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major. It has presence in the verticals of Power Transmission and Distribution, Railways, Civil, Urban Infrastructure, Solar, Smart Infrastructure, Oil & Gas Pipelines, and Cables. The Company is currently executing infrastructure projects in 30+ countries and has a footprint in 110+ countries (includes EPC, Supply of Towers and Cables). It is the flagship Company of the RPG Group

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