Shares of Infrastructure EPC Company Jumped By 4 Per cent in Early Trade; the company received three work orders worth Rs 1,136 Crore!

The stock has an ROE of 8.80 per cent and ROCE of 16 per cent. The stock has given 85 per cent in the last year.

Shares of KEC International Ltd jumped by 4 per cent in the early trade on Tuesday to Rs 1,150, registering volume spurt of 1.28 times on 9:30 am.

KEC International Ltd., a leading global infrastructure EPC company and a part of the RPG Group, has announced new order wins totalling Rs 1,136 crores across its diverse business segments. These orders reinforce the company’s expertise in delivering large-scale infrastructure projects.

In the Transmission & Distribution (T&D) segment, KEC International has secured an order for a 765 kV transmission line project in India. This project has been awarded by the Power Grid Corporation of India Limited (PGCIL), a key player in India’s power sector, further strengthening the company’s position in the T&D space.

In the Transportation sector, the company has achieved a significant milestone by securing an order for the Train Collision Avoidance System (TCAS) under the ‘Kavach’ initiative in India. This prestigious project underscores KEC’s contribution to enhancing safety and reliability in the country’s rail transportation network.

Additionally, in the Oil & Gas Pipelines segment, KEC International has won a design, supply, and build order for pipeline and associated works from a leading public sector undertaking (PSU) in India. This project highlights the company’s capabilities in executing critical infrastructure projects in the energy domain.

These orders reflect KEC International’s robust project execution capabilities and its commitment to driving growth across key infrastructure sectors.

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, “We are delighted with the multiple orders secured across our business verticals. The 765 kV order from PGCIL for evacuation of green energy has boosted our T&D order book in India. Our Transportation business has strengthened its presence in the growing TCAS segment under ‘Kavach’ to enhance the safety of Indian Railways with world class technology. The Oil & Gas Pipelines business has widened its footprint by securing its first order in the composite space (including design, supply and build). With these new orders, our YTD order intake has reached Rs. 20,600 crores, a growth of ~80 per cent vis-à-vis last year.”

KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major. It has a presence in the verticals of Power Transmission & Distribution, Civil, Transportation, Renewables, Oil & Gas Pipelines, and Cables. The Company is currently executing infrastructure projects in 30+ countries and has a footprint in 110+ countries (includes EPC, Supply of Towers and Cables). It is the flagship Company of the RPG Group

As of September 2024, FIIs has increased their shareholding by 0.94 per cent owning a 13.60 per cent stake in the company. The stock has an ROE of 8.80 per cent and an ROCE of 16 per cent. The stock has given 85 per cent in the last year. Company has been maintaining a healthy dividend payout of 34.8 per cent.

Investors should keep an eye on this Large-Cap stock.

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