This mid-cap company wins new orders worth Rs 1,131 crore!

The company reported positive performance in its quarterly and annual financial statements.

KEC International Ltd, in its latest press release, announced that it has secured new orders worth Rs 1,131 crore across its various businesses. The business has secured orders for T&D projects in India, Africa and the Americas for a composite cable package, an electrical transformer station project in Africa, tower supply in the United States and a large tower supply order in Mexico.  

The business has also secured orders for executing infra works in the metals & mining and pharma segments in India and various types of cables in India and overseas.

Today, shares of KEC International Ltd surged 2.19 per cent to Rs 469.30 per share from its previous closing of Rs 459.25. The stock has a 52-week high of Rs 549.20 and a 52-week low of Rs 345.15.  

KEC International is a global infrastructure engineering, procurement and construction (EPC) major. It has a presence in the verticals of power transmission & distribution, railways, civil and urban infrastructure, smart infrastructure, oil & gas pipelines and cables. It is the flagship company of the RPG Group established in 1979.  

Talking about the financials, this S&P BSE 500 company has a market cap of Rs 11,865 crore. The company reported positive performance in its quarterly and annual financial statements. In Q2FY23, the company did net sales of 4,064 crore and net profit of 55 crore whereas, in FY22, total net sales were 13,742 crore and net profit of 332 crore respectively.   

Investors should keep an eye on this Mid-Cap company for upcoming trading sessions.