KEC International surges after order win

KEC International Limited, a part of the RPG Group, has surged by 3.5 per cent on Monday after bagging new orders worth Rs 1,520 crore across its various businesses.

Under its urban transport segment, it has secured order of Rs 964 crore for the construction of an elevated viaduct, together with 8 stations of the Delhi Metro Phase IV project, from Delhi Metro Rail Corporation (DMRC). This order has enabled the company to strengthen its presence in the urban transport sector.

Under its transmission and distribution segment, it has secured two orders of Rs 391 crore for the construction of 400 kV transmission lines in Nepal. With international orders, secured in T&D, and domestic orders announced earlier during the year, the company is seeing traction in its core T&D business. The order win in Nepal will consolidate its leadership position in the SAARC T&D market.

Under its railways’ segment, it has secured an order of Rs 165 crore for the construction of road overbridges (ROBs) in Western India.

The company’s order book as on September 30, 2019, stood at Rs 18,085 crore consisting domestic - 52 per cent and international - 46 per cent. This has translated book to bill ratio of 1.6x.

On Monday, the stock of KEC International opened at Rs 308.90, up by 3.5 per cent from its previous close of Rs 298.55 on BSE.