KEC International Bags Orders Worth Rs 1315 Crore, Shares Gain 54% In 1 Yr

Mid cap power sector company KEC International shares witnessed a rally of over 1.00% intraday with volumes soaring by over 2.99 times. KEC International on October 16, 2023 informed BSE that it bagged new orders worth Rs 1315 crore across its several businesses. Last trading price of KEC International share on BSE is Rs 658.80 per share. KEC International stock surged 36% YTD and gained 136% in last 5-years. Check details below:

KEC International Bags New Orders, Shares & Volume Spurt: According to the BSE filing of the company dated October 16, "KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,315 crores across its various businesses:

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

• 765 Kv Transmission line and 765 kV AIS Substation orders in India, from Power Grid Corporation of India Limited (PGCIL)
• Supply of Towers in Middle East, Australia and Americas
• Supply of Hardware and Poles in Americas

Cables: The business has secured orders for supply of various types of cables in India and overseas."
Speaking on the order win, Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are delighted with the new order wins, particularly the orders from PGCIL in Rajasthan. These orders have significantly enhanced our India T&D order book. We are also enthused by the tower supply order from Australia, which is a testament to our dedicated focus on expanding and diversifying the tower sales business geographically. In a noteworthy achievement, our tower supply business footprint now extends across six continents."

KEC International Stock Outlook & Return: Current market price of KEC International share on BSE is Rs 658.80 apiece. KEC International stock opened at Rs 673.15 per share, touched day's high of Rs 685.00 per share, and hit day's low of Rs 656.30 per share, respectively. The stock's 52-week high price is Rs 739.00 per share and 52-week low price is Rs 405.20 per share, respectively. KEC International shares gained 34% in last 6-months, soared 54% in last 1-year, jumped 100% in last 3-years, and offered a rally of 2061% in last 10-years.

About: 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, 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.