Rs 42,500 Crore Order Book: Multibagger Power Transmission Company Bags New Orders of Rs 1,073 Crore Across its Various Businesses
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 586 per share and a whopping 1,225 per cent in a decade.
On Monday, the shares of KEC International Ltd gained 3.61 per cent to Rs 1,197.85 per share from its previous closing of Rs 1,156.10 per share. The shares of the company saw a spurt in volume by more than 3.12 times.
KEC International Ltd, a leading global infrastructure EPC player and an RPG Group company, has announced the securing of new orders worth Rs 1,073 crore across its diverse business segments. These orders encompass projects in the Transmission & Distribution sector, primarily in the Middle East and South Asia. In the Civil segment, the company has secured orders for industrial projects within India. Furthermore, KEC International has secured a joint venture order for the design, supply, and construction of a passenger ropeway in the North-East region of the country. Finally, the company has also secured orders for the supply of various types of cables both domestically and internationally.
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 30,000 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 in June 2024. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 586 per share and a whopping 1,225 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.