New Orders Worth Rs 1012 Cr: Mid Cap Power Sector Stock Hits 52-Week High

Shares of mid cap company operating in power sector, KEC International Ltd on Wednesday hit fresh 52-week high after bagging new orders worth Rs 1012 crore. Current market price of KEC International share is Rs 676.00 per share with intraday gain of 1.75% on BSE. KEC International rallied 46% in last 6-months and soared 56% in last 1-year. Check details below:

KEC International Rallies On Bagging New Order: According to the BSE filing dated September 13, 2023, "KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,012 crores across its various businesses."
Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are pleased with the continuous inflow of orders, especially in our T&D and Civil businesses. The civil business continues to diversify its customer base, with the addition of marquee clients. The prestigious order for building a Data centre, reaffirms our confidence in the strong growth of this segment. We are particularly encouraged by the continuous inflow of tower supply orders from the North American market. With the above orders, our YTD order intake stands at a record level of over Rs. 6,500 crores, a strong growth of 11% vis-à-vis last year."

KEC International Stock Outlook & Return: 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. The company has a market capitalisation of Rs 17,172.22 crore. KEC International stock surged 21% in last 3-months, gained 52% in last 2-years, and rallied 106% in last 3-years. In last 10-years, KEC International rallied 2391%.

About The Company: 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.

About RPG Enterprises: RPG Enterprises, established in 1979, is one of India's fastest-growing business groups with a turnover of US$ 4.4 Billion. The group has diverse business interests in the areas of Infrastructure, Tyres, Pharma, IT and Specialty as well as in emerging innovation-led technology businesses.