Rs 35,000 crore order book: This heavy electrical equipment company receives orders worth Rs 1,007 crore!
The stock is up by 55 per cent in 1 year and gave multibagger returns of 102 per cent in 3 years & over 2,400 per cent in a decade.
KEC International Ltd, a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs 1,007 crore across its various businesses:
Civil: The business has secured a prestigious order for the design, engineering, procurement and construction of a multispecialty hospital in India.
Transmission & Distribution (T&D): The business has secured a substantial order for a 380 kV overhead transmission line project in the Middle East.
Cables: The business has secured orders for the supply of various types of cables in India and overseas.
Mr Vimal Kejriwal, MD & CEO of KEC International Ltd commented, “We are pleased with the continuous inflow of orders, especially in our T&D and Civil businesses. In line with our strategy, the civil business has expanded its presence by securing a breakthrough order for building a Multispecialty Hospital in Eastern India. The T&D order in the Middle East region has significantly enhanced our order book in the international T&D market. With the above orders, our YTD order intake stands at a record level of over Rs 5,500 crores, strong growth of 15 per cent YoY last year.”
On Friday, shares of KEC International Ltd plunged 2.26 per cent to Rs 623.95 per share with an intraday high of Rs 649 and an intraday low of Rs 622.
KEC International Ltd had a market cap of over Rs 16,000 crore and has been maintaining a healthy dividend payout of 31.1 per cent. The company reported positive numbers in its Quarterly Results (Q4FY23) and annual results (FY23).
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The company’s current order book stands at Rs 30,125 crore, a growth of 27 per cent YoY. Out of the total order book, 71 per cent are domestic orders and 29 per cent are international. Furthermore, the company’s order book including the L1 orders is over Rs 35,000 crore.
The stock is up by 55 per cent in 1 year and gave multibagger returns of 102 per cent in 3 years & over 2,400 per cent in a decade. Investors should keep an eye on this mid-cap company for upcoming trading sessions.
Disclaimer: The article is for informational purposes only and not investment advice.