KEC Wins 1,100 Cr Rs Transmission & Distribution Order

KEC International Ltd., a global infrastructure EPC major and part of the RPG Group, has secured new orders totaling Rs. 1,100 crores for Transmission & Distribution (T&D) projects across multiple regions. The orders include:

• 765 kV Transmission line and GIS Substation projects in India from Power Grid Corporation of India Limited (PGCIL)
• 132 kV Transmission line project in the United Arab Emirates (UAE)
• Tower supply projects in Australia and the Americas
• Supply of Hardware and Poles in the Americas

Mr. Vimal Kejriwal, MD & CEO of KEC International Ltd., expressed satisfaction with the continuous inflow of orders, particularly highlighting the substantial boost to their India T&D order book from the PGCIL contracts.

He emphasized the strategic significance of securing consecutive orders in the UAE, reinforcing their leadership in the Middle East market. The significant tower supply contract in Australia marks a pivotal expansion into a new market segment, contributing to KEC's robust growth trajectory with the year-to-date order intake exceeding Rs. 6,000 crores, reflecting an impressive growth of over 80% compared to the previous year.

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Market Reaction

KEC International's stock (Series EQ) opened at Rs. 887.00 and reached a high of Rs. 899.70 during the trading session. The low for the day was Rs. 882.00, and the previous day's close was Rs. 886.15.

The last traded price (LTP) was recorded at Rs. 884.10, with the closing price settling at Rs. 887.55. The Volume traded was 2,69,460 shares, valued at approximately Rs. 240,086,354.50, across 19,990 trades.

The market reaction indicates initial optimism with the stock reaching its intraday high shortly after the announcement of securing new Transmission & Distribution (T&D) orders worth Rs. 1,100 crores.

However, the stock price moderated later in the day, closing slightly above the previous day's close. This fluctuation suggests a mixed response from investors, possibly influenced by broader market conditions and profit-taking activities after the initial price surge.

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KEC International 

KEC International Limited, headquartered in Mumbai and part of the RPG Group, is a leading global Engineering, Procurement, and Construction (EPC) company with a revenue of USD 2.4 billion.

Specializing in sectors like Power Transmission & Distribution, Railways, Civil Engineering, Urban Infrastructure, Renewable Energy, Oil & Gas Pipelines, and Cables, KEC operates across 30+ countries and serves clients in over 110 countries.

With a strong focus on quality, safety, and sustainability, KEC leverages its extensive manufacturing capabilities and robust project management to deliver complex infrastructure projects worldwide, reflecting over 75 years of industry expertise and commitment to excellence.