Work orders indicate firm expansion through new business prospects and income sources. Securing work orders demonstrates client trust, project expansion, and a good prospect for future revenues, leading to financial stability and increased market presence.
Here are the firms that have received work orders in the last 15 days:
KEC International Ltd.
KEC International Ltd’s primary business is Engineering, Procurement, and Construction (EPC) of infrastructure goods, projects, and systems, as well as related operations for electricity transmission, distribution, and railway, among other EPC industries.
With a market capitalization of Rs 17,140.08 crore, the shares were trading at Rs 666.70 per share, increasing around 1 percent as compared to the previous closing price.
As of March 2024, the business had received orders worth Rs 2,257 crores from various sectors. For its ‘Oil & Gas Pipelines’ section, the business received its first foreign order for a pipeline laying project.
In addition, the company’s ‘Civil’ and ‘Cables’ companies obtained orders for the metals and mining area from a reputable steel player, as well as supplies of various types of cables in India and abroad.
Moreover, with these orders, our YTD order intake has surpassed Rs 16,000 crores. These orders will significantly contribute towards our targeted growth going forward.
Looking into KEC International Ltd, the company’s revenue increased by 14 percent, from Rs 4,375 crore in Q3FY23 to Rs 5,007 crore in Q3FY24. During the same period, net profit grew by 438 percent, from Rs 18 crore to Rs 97 crore.
Hindustan Aeronautics Ltd
Hindustan Aeronautics Limited designs, develops, manufactures, repairs, overhauls, upgrades, and services a wide variety of goods such as airplanes, helicopters, aero engines, avionics, accessories, and aerospace structures.
With a market capitalization of Rs 2.05 lakh crore, the shares were trading at Rs 3,073 per share, increasing around 0.46 percent as compared to the previous closing price.
As of March 2024, the Ministry of Defence (MoD) awarded the Company a contract to build and deliver RD-33 Aero Engines for MiG-29 aircraft at a cost of Rs.5,249.72 crore.
These Aero Engines are projected to meet the Indian Air Force’s (IAF) need to maintain the operational capabilities of the MiG-29 fleet for the remainder of its service life.
Looking into the company’s financial, revenue from operations grew by 6.97 percent from Rs. 5,666 Crores in Q3FY22 to Rs. 6,061 Crores in Q3FY24, During the same period of time Net profits of Rs. 1,154 Crores to Rs.1,254 Crores.
KNR Constructions Ltd
KNR Constructions Limited specializes in the building of highways, bridges, flyovers, and irrigation projects. The company provides engineering, procurement, and construction (EPC) services in several areas, including roads and highways, irrigation, and urban water infrastructure management.
With a market capitalization of Rs 6,804.47 crore, the shares were trading at Rs 241.95 per share, increasing around 1 percent as compared to the previous closing price.
As of March 2024, the business had received a Letter of Acceptance from the Government of Telangana for Rs. 1,163.03 crores for water supply projects in 26 ULBs and sewerage projects in 04 ULBs under AMRUT 2.0 within the jurisdiction of Nalgonda and Khammam PH Division.
Furthermore, the construction term is 24 months, with a 5-year operation and maintenance period following completion of the works.
As of December 2023, the company’s entire order book was Rs. 4,964 crore. It obtained 42% of orders for Roads (HAM) projects, 31% from Irrigation projects, and 11% from other projects.
According to the company’s financial documents, sales declined by 4%, from Rs. 1,038 crores in the September quarter to Rs. 996 crores in the December quarter. In addition, net earnings fell by 5% from Rs. 143 crores to Rs. 136 crores during the same time.
Written by:- Abhishek Singh
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