New 52-Week High: Mid Cap Power Sector Stock Bags Orders Worth Rs 1042 Crore

Mid cap company operating in the power sector, KEC International Ltd informed BSE that it bagged new orders of Rs 1042 crore. Soon after the announcement, KEC International shares traded their new 52-week high on BSE. Current market price of KEC International stock is Rs 596.00 per share with intraday gain of 3.53%. KEC International shares witnessed spurt in volume today by 7.45 times. The stock also traded its new 52-week high. Check details below:

KEC International Bags New Orders: As per the BSE filing of KEC International, "KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,042 crores across its various businesses."

Vimal Kejriwal, MD & CEO, KEC International Ltd said, "We are pleased with the new order wins secured across our business verticals. The Railway business has successfully expanded its footprint internationally, leveraging the strong presence of our T&D business. The Civil business continues to strengthen its order book in the industrial segment with the addition of a very reputed client. The maiden tower supply order from Europe is a testament of our dedicated focus on diversifying the tower sales business geographically."

KEC International Dividend: The company earlier this year on May 3, 2023 stated in its BSE filing, "Recommended a Dividend of Rs. 3/- (Rupees Three Only) per equity share i.e. 150 % of face value of Rs. 2/- each fully paid up, for the financial year ended March 31, 2023, for declaration by the Shareholders at the ensuing Annual General Meeting (AGM). The Dividend shall be paid within 30 days of its declaration by the Shareholders at the ensuing AGM."

KEC International Stock Performance, Financial Outlook & Return: Current market price of KEC International share is Rs 597.75 per share on BSE. Its 52-week high price is Rs 604.35 per share and 52-week low price is Rs 386.55 per share, respectively. Its market capitalisation is Rs 15,367.46 crore. KEC International shares offered return of 42% in last 1-year, again 42% in last 2-years, and 106% return in last 3-years.

The company for the quarter ended March 31, 2023 declared its consolidated total income at Rs 5530.53 crore, up 26.37% from preceding quarter total income of Rs 4,376.34 crore. It announced its latest quarter net profut after tax at Rs 72.17 crore.

About KEC International: It 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.