Rs 42,500 crore order book: Transmission & Distribution company wins new orders of Rs 1040,00,00,000 crore in International T&D
The stock is up by 84 per cent from its 52-week low of Rs 575.25 per share and gave multibagger returns of 960 per cent in a decade.
KEC International Ltd, a global infrastructure EPC major and an RPG Group Company, has secured new orders worth Rs. 1,040 crores in its Transmission and Distribution (T&D) business in the international markets. These orders include the supply of towers, hardware, and poles in the Americas and the construction of 220 kV transmission lines in the CIS region.
Earlier, the company secured prestigious turnkey orders of Rs 1,704 crore in its Transmission & Distribution (T&D) business for the Design, Supply and Installation of 765 kV Transmission Lines and GIS Substations from Power Grid Corporation of India Limited (PGCIL).
About the Company
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 & urban infrastructure, solar, oil & gas pipelines and cables. The company is currently executing infrastructure projects in 30+ countries and has a footprint in 110+ countries (including EPC, supply of towers and cables). It is the flagship Company of the RPG Group. RPG Enterprises, established in 1979, is one of India’s fastest-growing business groups with a turnover of USD 4.8 Billion. The group has diverse business interests in the areas of infrastructure, tyres, pharma, it and speciality as well as in emerging innovation-led technology businesses.
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KEC International Ltd had a market cap of over Rs 28,000 crore and has been maintaining a healthy dividend payout of 35 per cent. The company reported amazing numbers in its Quarterly Results (Q2FY25) and annual results (FY24). The company’s current order book stands at Rs 42,500 crore including the L1 orders as of September 30, 2024. Tenders under evaluation and in the pipeline of over Rs 1,50,000 crore.
As of September 2024, FIIs & DIIs have increased their stake to 13.14 per cent and 26.73 per cent respectively compared to 12.66 per cent and 25.29 per cent respectively in June 2024. The stock is up by 84 per cent from its 52-week low of Rs 575.25 per share and gave multibagger returns of 960 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.