Rs 30,553 crore order book: This mid-cap company receives order worth Rs 1,042 crore; hits 52-week high!
The stock is up by 50 per cent in 1 year and gave multibagger returns of over 150 per cent in 3 years.
KEC International Ltd., a global infrastructure EPC major and an RPG Group Company, has secured new orders of Rs. 1,042 crores across its various businesses:
Railways: The business has secured its maiden international order for a Signaling & Telecommunication project in SAARC.
Civil: The business has secured an order in the Metals & Mining segment from a reputed steel player in India.
Transmission & Distribution (T&D): The business has secured orders for T&D projects in India, the Middle East, Europe and the Americas:
• Setting up of overhead Transmission line in the Middle East.
• Supply of towers in India, Europe and the United States of America.
• Supply of towers, hardware and poles in the Americas, secured by our subsidiary, SAE Towers Cables: The business has secured orders for the supply of various types of cables in India and overseas
Additionally, the order book as of 31 March 2023 of Rs 30,553 crore, a robust growth of Rs 29 per cent YoY. Additionally, L1 bidder for orders of over Rs 3,500 crore.
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Today, shares of KEC International Ltd surged 5.02 per cent to make a new 52-week high of Rs 604.25 per share from its previous closing of Rs 575.70. At the closing bell, shares of the company ended trading session in the green, up 3.76 per cent to Rs 597.35 per share with a spurt in volume by more than 8.38 times on BSE.
KEC International Limited is a power transmission company which is involved in the design, manufacture, supply and construction of turnkey projects of power transmission lines. It is the flagship company of the RPG Group established in 1979.
The stock is up by 50 per cent in 1 year and gave multibagger returns of over 150 per cent in 3 years. Investors should keep an eye on this Mid-Cap company for upcoming trading sessions.