Rs 42,500 crore order book: Power Transmission Company Bags New Orders of Rs 1,445 Crore From Power Grid Corporation of India Ltd

The stock is up by 37 per cent from its 52-week low of Rs 615.15 per share and a whopping 800 per cent in a decade.

KEC International Ltd., an RPG Group Company, has secured new orders worth Rs 1,445 crore for Transmission & Distribution (T&D) projects in India. These orders include ± 800 kV HVDC and 400 kV Transmission line orders, both awarded by Power Grid Corporation of India Limited (PGCIL).

Mr Vimal Kejriwal, MD & CEO of KEC International Ltd. commented, “We are delighted with the significant order wins, particularly the prestigious order in the HVDC segment in India. This order further strengthens our presence in the HVDC market where we are already executing a HVDC terminal station project for a reputed private client. We remain highly optimistic about the India T&D business, driven by the ever-increasing power demand and the Government of India’s unwavering focus on expanding renewable energy projects. With these new orders, our YTD order intake has surpassed Rs 22,000 crore, reflecting a stellar growth of more than 70 per cent vis-à-vis last year.”

About the Company

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.

KEC International Ltd had a market cap of over Rs 21,000 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 December 2024, FIIs have increased their stake to 15.20 per cent compared to 13.60 per cent in September 2024. The stock is up by 37 per cent from its 52-week low of Rs 615.15 per share and a whopping 800 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.