During Monday’s session, the share price of a leading global infrastructure EPC moved up by nearly 5.5 percent on BSE, after the company announced securing orders worth Rs. 1,034 crores across its Transmission & Distribution (T&D), Cable and Civil segments, including a project for setting up of a semiconductor plant.
With a market cap of Rs. 19,459 crores, the shares of KEC International Limited closed in the green at Rs. 731, up by nearly 5.2 percent, as against its previous closing price of Rs. 694.65. The stock has delivered positive returns of about 2 percent in one year, and has gained nearly 3 percent in the last one month.
What’s the news
KEC International has announced securing new orders worth Rs. 1,034 crores across various businesses, including civil and cables segments, as per the latest regulatory filings on stock exchanges.
Under the Transmission & Distribution (T&D) segment, the company secured a STATCOM project from a global OEM in India, along with the supply of towers, hardware and poles in the Americas.
In the Civil segment, the order involves establishing a Semiconductor plant for a prominent private player in India and executing an upstream project for a leading steel player in India. Finally, in the Cables segment, the company have to supply various types of cables across India.
Previous Updates
15th March: KEC International bagged orders worth Rs. 1,267 crores for T&D projects with 800 kV HVDC & 765 kV Transmission line orders, from Power Grid Corporation of India Limited (PGCIL), and the supply of towers, hardware and poles in Americas.
The Cables business has secured orders for the supply of various types of cables and conductors in India and overseas.
- 1st April: The company received orders, valued at Rs. 1,236 crores, under the T&D, Civil, Transportation, and Cables segments.
Financial Performance
The revenue from operations of KEC International stood at Rs. 5,349 crores in Q3 FY25, rising by 7 percent YoY from Rs. 5,007 crores in Q3 FY24, and the net profit grew by 34 percent YoY to Rs. 130 crores from Rs. 97 crores, during the same period.
EBITDA for Q3 FY25 increased by about 21 percent YoY to Rs. 374 crores, up from Rs. 308 crores in Q3 FY24, while the EBITDA margins grew to 7 percent, from 6 percent, over the same period.
About the company
KEC International Limited is a global infrastructure Engineering, Procurement and Construction (EPC) major and an RPG Group Company, with a presence in the verticals of Power Transmission and Distribution (T&D), railways, civil, urban infrastructure, solar, oil & gas pipelines, and cables.
Written by Shivani Singh
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