This global infrastructure company bags massive orders worth Rs 1,028 crore!
The company has secured orders from East Asia Pacific, Middle East, India and America.
On March 15, 2023, KEC International Limited, an RPG Group Company, informed in the exchange filing that it has secured new orders of Rs 1,028 crores across its various business segments. The company has secured various orders for its transmission and distribution segment: 500/230 kV GIS substation order in Thailand, 110 kV transmission line order in Saudi Arabia, supply of towers in Middle East, secured by its subsidiary in UAE and supply of towers, hardware and poles in Americas, secured by its subsidiary, SAE Towers.
In civil segment the company has secured order for executing a project in the logistics segment in India. And in cables segment the company has secured orders for various types of cables in India and overseas.
KEC International is a global infrastructure engineering, procurement and construction (EPC) major. It has presence in the verticals of power transmission and distribution, railways, civil, urban infrastructure, solar, smart infrastructure, oil & gas pipelines, and cables.
Today, the stock opened at Rs 468.10, with a high and low of Rs 468.10 and Rs 453.40. The stock previously closed at Rs 461.15. The stock is currently trading at Rs 454.75, down by 1.39 per cent.
The stock has a 52-week high of Rs 525.05 and a 52-week low of Rs 345.15. The company has a ROCE of 14.1 per cent and an ROE of 10.1 per cent with a market capitalization of Rs 11,686 crore.