Rs 35,000 crore order book: This multibagger infrastructure company bags new orders worth Rs 1,065 crore!

Shares of the company grew by more than 40 per cent in the last six months.

On August 03, 2023, KEC International Limited informed in the exchange filing that it had secured new orders of Rs 1,065 crores across its various business segments. Furthermore, the company has reported strong Q1FY24 results, with the revenue and PAT growing by 27 and 36 per cent on a YoY basis.

The company has secured various orders from its Transmission & Distribution (T&D): The business has secured orders for T&D projects in India, Africa, and the Americas. The order is for a 400 kV Transmission line and GIS Substation order in India, from a subsidiary of a reputed PSU in the renewable power generation segment, a 400/220 kV AIS Substation order in India, from a leading private developer, Supply of towers in Africa and Supply of towers, hardware and poles in Americas, secured by our subsidiary, SAE Towers.

In the cables segment, the company has secured orders for the supply of various types of cables in India and overseas.

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.

The stock has given multibagger returns of over 130 per cent in the last three years. The company has an order book of more than Rs 35,000 crore and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.