Rs 30,500 order book: This multibagger infrastructure company bags massive orders worth Rs 1,373 crore!

Shares of the company grew by more than 15 per cent in the last six months.

KEC International Limited, an RPG Group Company, informed in the exchange filing that it had secured new orders of Rs 1,373 crores across its various business segments. Owning to the positive sentiment in the stock market, the stock made a fresh 52-week high on Wednesday. The company has secured various orders from its Railways business segment: Automatic Block Signalling (ABS) – Orders for signalling & telecommunication for Automatic Block Signalling (ABS) system and Semi High-Speed Rail – Orders for 2 x 25 kV Overhead Electrification (OHE) & associated works for speed upgradation.

In the civil segment, the company has secured orders in the residential and commercial building segments in India. While in the Transmission & Distribution (T&D) business segment of the company, the company secured orders from India and the Americas for 400 kV Transmission line orders in India, Supply of towers in India and the United States of America, and Supply of towers, hardware, and poles in Americas, secured by our subsidiary, SAE Towers.

KEC International is a global infrastructure engineering, procurement, and construction (EPC) major. It has a presence in the verticals of power transmission and distribution, railways, civil, and urban infrastructure, solar, innovative infrastructure, oil & gas pipelines, and cables.

On Friday, the stock opened at Rs 555.00, with a high and low of Rs 556.90 and Rs 549.90. The stock closed trading at Rs 550.65, down by 0.50 per cent. The stock has gained more than 120 per cent in the last three years.

The company has an order book of more than Rs 30,500 crore and investors should keep a close eye on this stock.