Rs 35,000 crore order book & DIIs increase stake: This power transmission and infrastructure company bags new order worth Rs 1,005 crore!
Shares of the company grew by more than 40 per cent in the last one year.
KEC International Limited has secured new orders worth Rs 1,005 crores across its various businesses, including Transmission and Distribution (T&D), Railways, and Cables. The company has won orders for T&D and cabling projects in India, the Middle East, Europe, Africa, and the Americas, as well as 25 kV Overhead Electrification (OHE) works in the conventional segment in India.
Earlier, the company also secured new orders worth Rs. 2,157 crores across its various business segments. The company has won orders for T&D projects in India, the Americas, and Saudi Arabia. In the civil segment, the company has secured orders from new clients in the data centre and FMCG segments in India. The company has also reported strong Q1FY24 results, with revenue and PAT growing by 27 and 36 per cent on a YoY basis.
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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.
On Wednesday, the stock opened at Rs 590.05, with a high and low of Rs 605.85 and Rs 590.05. The stock is currently trading at Rs 597.30, up by 0.22 per cent. The stock has a 52-week high of Rs 739.00 and a 52-low of Rs 412.05. Additionally, DIIs increased their stake in the company in September 2023.
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.
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