Rs 42,500 crore order book: Power Transmission Company Bags New Orders of Rs 1,097 Crore in the International T&D Business

The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 586 per share and a whopping 1,200 per cent in a decade

KEC International Ltd, a global infrastructure EPC major and an RPG Group Company, has secured new orders of Rs 1,097 crore in its Transmission and Distribution (T&D) business. These orders include a project to set up 400 kV transmission lines in the UAE and the supply of towers, hardware, and poles across the United States, Mexico, and Brazil in the Americas.

KEC International is a major in global infrastructure engineering, procurement, and construction (EPC). It is in the verticals of power transmission and distribution, railways, civil & urban infrastructure, solar, oil & gas pipelines and cables. The company currently executes 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.

KEC International Ltd had a market cap of over Rs 32,000 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 1,200 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.