Rs 35,000 crore order book: This multibagger engineering company bags new orders worth Rs 1315,00,00,000
The stock is up by 55 per cent in 1 year and gave multibagger returns of over 2,000 per cent in a decade.
KEC International Ltd informed that the company has secured new orders of Rs 1315,00,00,000 across its various businesses: Here are the details:
Transmission & Distribution (T&D): The business has secured orders for T&D projects in India, the Middle East, Australia and the Americas.
- 765 kV Transmission line and 765 kV AIS Substation orders in India, from Power Grid Corporation of India
- Supply of Towers in the Middle East, Australia and the Americas
- Supply of Hardware and Poles in the Americas
Cables: The business has secured orders for the supply of various types of cables in India and overseas.
On Wednesday, shares of KEC International Ltd gained 2.17 per cent to Rs 667.45 per share with an intraday high of Rs 670 and an intraday low of Rs 654.45.
KEC International Ltd had a market cap of over Rs 17,000 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).
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 over 2,000 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.
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