Infra Stock engaged in providing Engineering, Procurement, and Construction (EPC) services across sectors like infrastructure, power transmission, distribution, railway, and many more in focus upon receiving new work orders worth Rs. 1,422 Crores from Power Grid Corporation of India Limited and others.
Price Action
With a market capitalization of Rs. 22,798 Crores, the shares of KEC International Limited were trading at Rs. 886.80 per equity share, up 1 percent from the previous day’s close price of Rs. 880.10.
What Happened
KEC International Limited a global infrastructure EPC major received new work orders for Transmission & Distribution (T&D) projects in India and America for a consideration of Rs. 1,422 Crores.
The said work order is received from Power Grid Corporation of India Limited for a 765 kV and 400 kV Transmission line and Supply of Substation structures in the United States of America.
MD & CEO Message
Mr. Vimal Kejriwal, MD & CEO, of KEC International Ltd. commented, “We are delighted with the continued success in our T&D business, driven by a series of significant order wins. Our order book in India T&D continues to grow on the back of the prestigious orders secured from PGCIL.
We are also encouraged by our largest order for the supply of substation structures in the USA. With these, our YTD order intake has surpassed Rs. 7,500 crores, a remarkable growth of over 70 percent vis-à-vis last year. These orders along with the orders announced earlier during the year, will substantially contribute towards our targeted growth going forward.”
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About the Company
KEC International Limited with a presence across 110+ countries, is engaged in providing Engineering, Procurement, and Construction (EPC) services across sectors like infrastructure, power transmission, distribution, railway, oil & gas, cables, and other EPC businesses
KEC International Limited has an Order Book + L1 of over ~Rs 38,000 Crores, of which, 59 percent are T&D Projects, 27.63 percent Civil, 8.94 percent Railways, 1.3 percent Renewables, 1.44 percent Oil & Gas, and the rest 1.8 percent others.
Financials and Ratios
Its Revenue from Operations grew by 15.23 percent from Rs. 17,282 Crores in FY23 to Rs. 19,914 Crores in FY24, accompanied by profits of Rs. 176 Crores to Rs. 347 Crores.
In terms of Return ratios, it has reported a return on equity(ROE) of 8.82 percent and a return on capital employed (ROCE) of 14.2 percent. It has reported a debt-to-equity ratio of 0.97.
Written by: Bharath K.S
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