Infra Stock engaged in providing Engineering, Procurement, and Construction (EPC) services across sectors like infrastructure, power transmission, distribution, railway, and many more jumped 2 percent upon receiving work orders worth Rs. 1,004 Crores.
With a market capitalization of Rs. 17,188 Crores, the shares of KEC International Limited were trading at Rs. 668.60, up 0.75 percent from its previous day’s close price of Rs. 663.60.
KEC International Limited has secured new orders worth Rs. 1,004 Crores across its various businesses, its transmission and distribution business has secured T&D projects in India and America for the construction of transmission lines, substations, and underground cabling in India and Supply of towers, hardware, and poles in Americas.
The civil business has secured an order for a residential project from a renowned real estate developer in India. Its Railway business has an order for 2 x 25 kV Overhead Electrification (OHE) and associated works for speed upgradation in India.
Lastly, it has secured an order for the supply of power transmission conductors (ACSR and AL-59) from a reputed government Utility and the supply of various types of cables
KEC International Limited 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 the Highest ever Order Book + L1 of over Rs 38,000 Crs, the YTD order book consists of over Rs. 30,161 Crores of which, 49 percent areT&D Projects, 33 percent Civil, 12 percent Railways, 2 percent Cables, 2 percent Oil & Gas, and the rest 2 percent others.
Its revenue from operations grew by 14.44 percent from Rs. 4,375 Crores in Q3FY23 to Rs. 5,007 Crores in Q3FY24, accompanied by increasing profits of Rs.18 Crores to Rs. 97 Crores.
Written by: Bharath K.S
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