This global infrastructure EPC major, which is also the flagship company of the RPG Group, jumped over 6 percent in Monday’s trading session after receiving new work orders for Rs 1,267 crore.
Stock Performance
With a market capitalization of Rs 18,933.48 crore, KEC International Ltd surged more than 6 percent in Monday’s trading session and made an intraday high of Rs 715.95 per share compared to its previous closing price of Rs 672.40 per share.
What Happened
The company has secured multiple new orders of Rs. 1,267 crores across its various businesses. In the Transmission & Distribution (T&D) segment, the business has secured NOAs/Comfort letters in India and the Americas, including 800 kV HVDC and 765 kV transmission line orders from Power Grid Corporation of India Limited (PGCIL), as well as contracts for the supply of towers, hardware, and poles in the Americas.
Under the cables segment, the business has secured orders for supply of various types of cables and conductors in India and overseas.
Company Overview
KEC International Ltd, the flagship company of the RPG Group is a global infrastructure EPC major. The company operates in various verticals such as Power Transmission and Distribution, Cables, Civil, Urban Infrastructure, Railways, Solar, and Oil & Gas Pipelines.
Order Book
The company’s year-to-date (YTD) order intake stood at Rs 22,090 crore. About 55 percent of these orders are from domestic entities while the remaining 45 percent are international orders.
Financial Performance
Looking at the financials, KEC International Ltd reported a 7 percent increase in revenue from Rs 5,007 crore to Rs 5,349 crore in Q3 FY25. This was accompanied by a strong 34 percent increase in net profits from Rs 97 crore to Rs 130 crore during the same period.
Written by Shwetha Sairam
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