RPG Group Company Bags Orders Worth Rs 1304 Cr, Shares Rally 159% In 5-Yrs

Mid cap company from the power sector, KEC International shares zoomed 2.38% intraday today on BSE after it informed via its BSE filing today about bagging new orders worth Rs 1304 crore across its several businesses. Last trading price of KEC International shares on BSE is Rs 637.75 per share. KEC International shares zoomed 8% in last 1-month and surged 39% in last 1-years. Check more details below:

KEC International Bags New Orders: As per the BSE filing of the company dated January 30, 2024, "KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,304 crores across its various businesses:

Transmission & Distribution (T&D): The business has secured orders for T&D projects in India, SAARC and Americas: 765 kV Transmission line and 765 kV GIS Substation orders in India, from Power Grid Corporation of India Limited (PGCIL). 220 kV Transmission line order in SAARC. Supply of Towers, Hardware and Poles in Americas.

Civil: The business has secured an order in the Residential building segment in India.

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

Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are delighted with the new order wins, particularly the prestigious orders from PGCIL, which have significantly bolstered our India T&D order book. We continue to remain optimistic on the India T&D business, on the back of the continued thrust of Government of India for setting up of renewable energy projects. The Civil business has further expanded its footprint in the residential building segment by securing a repeat order from a reputed real estate developer. We are also encouraged by the healthy order intake in Cable business, including our largest order for cable supply from a prominent infrastructure major. With these orders, our YTD order intake stands at ~Rs 13,000 crores."

KEC International Stock Outlook & Return: The 52-week high price of KEC International shares on BSE is Rs 739.00 per share and 52-week low price is Rs 437.95 per share, respectively. Its market capitalisation is Rs 16,371.39 crore. KEC International shares witnessed a rally of 0.50% in last 6-months, surged 27% in last 2-years, gained 78% in last 3-years, and gave return of 159% in last 5-years. In last 10-years, KEC International shares rose 1133%.

KEC International Financials: The company for the quarter ended September 30, 2023 declared its net sales at Rs 3982.29 crore, up 6.6% as compared to Rs 3,735.70 crore declared in the corresponding quarter of last year. Its quarterly net profit announced at Rs 6.77 crore for the quarter under review, down 81.09% from Rs 35.81 crore declared in similar quarter of September 2022. The company's EBITDA arrived at Rs 201.03 crore for September 2023 quarter, down 18.63% as compared to Rs 247.05 crore declared in September 2022. The company announced its EPS at Rs 0.26 in September 2023 from Rs 1.39 in September 2022.

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.