The shares of infrastructure companies gained 3 percent after the company received a significant work order worth Rs 1,003 crore across its various businesses.
KEC International Ltd has a market capitalization of Rs 24,617.50 crore, the shares were trading at Rs 957.15 per share, increasing around 1.54 percent as compared to the previous closing price of Rs 942.65 apiece.
Reason for rise:-
Today, the shares of the company have seen bullish movement after KEC International Ltd won a substantial work order valued at Rs 1,003 crore across its numerous operations. First, it received an order for its railway business for a tunnel ventilation system and associated works in India, followed by an order for civil and mechanical works for a steel plant in India, and finally an order for a cable business for the supply of various types of cables in India and abroad.
Financial conditions:-
Looking into the company’s financial condition, revenue jumped by 6 percent from Rs 4,244 crore in Q1FY24 to Rs 4,512 in Q1FY25, however during the same period of time, net profit magnified drastically by 110 percent from Rs 42 crore to Rs 88 crore.
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Order Book & Footprint:-
KEC International Ltd has strong future growth with an impressive order book of Rs 42,000 Crore of which 51 percent is from the T&D business, 31 percent is from Civil, 10 percent is from railways, 2 percent is from Oil & Gas pipelines, 4 percent is from Renewables.
The Company is currently executing infrastructure projects in more than 30 countries and has a footprint in over 110 countries (including EPC, Supply of Towers and Cables).
Segment performance:-
The Transmission & Distribution (T&D) segment saw revenues of ₹2,499 crores (17% YoY), Civil ₹1,059 crores (11%), Railway ₹471 crores (-38%), Oil & Gas Pipeline ₹126 crores (21%), Renewables secured a 625 MWp solar project, and Cables reported ₹363 crores in revenues.
Strategic Development & Market outlook:-
The company plans to transfer its cable business into subsidiaries, optimizing capital allocation. With the cable industry projected to grow at a 10%+ CAGR until FY’28, it aims to raise ₹1,500 crores via equity and NCDs for liquidity and general business purposes.
With a tender pipeline exceeding ₹1,50,000 crores and government infrastructure investments, the company anticipates strong growth. Rising private investments further support its outlook. Management is confident in achieving 15% revenue growth despite potential monsoon challenges.
Company profile:-
KEC International Limited is an India-based worldwide infrastructure engineering, procurement, and construction (EPC) firm. The company operates in the following verticals: electricity transmission and distribution, trains, civil, and urban infrastructure, solar, oil and gas pipelines, and cables.
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Written by:- Abhishek Singh
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