Rs 32,715 Crore Order Book: Infrastructure EPC Company Bags Order Worth Rs 1,079 Crore - Complete Details Inside!
KEC International, a leading global infrastructure EPC company under the RPG Group, has secured new orders worth Rs 1,079 crores in its Transmission & Distribution (T&D) and Cables segments.
The T&D business has been awarded contracts for projects in India, the Middle East, and the Americas, including a 765 kV/400 kV transmission line project from a prominent private developer in India, 230/132 kV transmission line projects in Saudi Arabia and Oman, and the upgradation of an existing 400 kV transmission line in the United Arab Emirates (UAE). Additionally, the company will supply towers, hardware, and poles to the Americas.
In the Cables segment, KEC has secured orders for supplying various types of cables both within India and to international markets.
On Friday, the shares of KEC International closed at around Rs 840 per share on the BSE. The company’s current market capitalization stands at Rs 21595 crore. Additionally, the shares have delivered a return of around 30 per cent in the past 1 year.
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As per the Quarterly Results, in the Q1 FY25, KEC International recorded a revenue of Rs 4512 crore compared to Rs 4244 crore. The operating profit stood at Rs 270 crore. The net profit stood at Rs 88 crore compared to a profit of Rs 42 crore. Looking at the annual performance, the company generated a revenue of Rs 19914 crore in FY24. The operating profit for FY24 was Rs 1353 crore with a net profit of Rs 347 crore compared to a net profit of Rs 176 crore in FY23.
According to the shareholding pattern of the company, the promoters hold a significant 51.88 per cent stake. Public investors own 10.16 per cent of the shares, while Foreign Institutional Investors (FIIs) hold 12.66 per cent and Domestic Institutional Investors (DIIs) own 25.29 per cent.
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Disclaimer: The article is for informational purposes only and not investment advice.