Introduction:
KEC International’s stock surged by 5.15% to Rs 807.40 following the announcement of new orders worth Rs 1,061 crore across various business segments. This significant development reflects the company’s robust performance and diverse capabilities.
Order Breakdown
Transmission & Distribution (T&D) Business:
- India: Orders for transmission lines and substations from a reputed private developer.
- East Asia Pacific and Americas: Additional order for a transmission line in Malaysia and supply of towers, hardware, and poles in America.
Railways Business:
- India: Secured orders in both technologically enabled and conventional segments, including:
- A maiden order for composite gauge conversion works.
- Setting up a power supply system, including receiving substation, high voltage cabling, and associated civil works, for the Bengaluru Metro Rail Corporation (BMRC).
Cables Business:
- Orders for the supply of power transmission conductors from a renowned infrastructure player in India.
- Supply of various types of cables in both domestic and overseas markets.
KEC International: Spearheading Growth Through Major Order Wins:
Leadership’s Perspective
Vimal Kejriwal, MD & CEO of KEC International, expressed his satisfaction with the consecutive order wins across different business verticals. He highlighted the enhanced order book in both domestic and international markets for the T&D business and the expansion ,
of the Railway business into technologically advanced metro areas with a new client With these new orders, KEC International’s year-to-date (YTD) order intake has surpassed Rs 3,000 crore, reflecting a robust growth of 30% compared to the previous year.
Financial Performance
KEC International is a global infrastructure engineering, procurement, and construction (EPC) major with a presence in various verticals, including power transmission and distribution, railways, civil, urban infrastructure, solar, oil & gas pipelines, and cables.
The company’s consolidated net profit soared by 110.3% to Rs 151.75 crore in Q4 FY24, compared to Rs 72.17 crore in Q4 FY23. Net sales also saw an impressive increase, standing at Rs 6,164.83 crore, marking an 11.6% year-on-year growth.
Conclusion:
KEC International’s recent order wins and strong financial performance underscore its position as a key player in the global infrastructure EPC sector. The diverse and substantial orders further strengthen its
market presence and signal continued growth and success in the upcoming quarters.
Frequently Asked Questions FAQ:
- What is KEC International?
- KEC International is a global infrastructure engineering, procurement, and construction (EPC) major with a diverse portfolio covering sectors such as power transmission and distribution, railways, civil construction, urban infrastructure, solar, oil & gas pipelines, and cables.
- What are the recent developments at KEC International?
- KEC International recently secured new orders worth Rs 1,061 crore across various business segments, including transmission & distribution (T&D), railways, and cables. Additionally, the company reported a significant increase in its consolidated net profit and net sales in Q4 FY24.
- What are the key areas of operation for KEC International?
- KEC International operates in multiple verticals, including:
- Power transmission and distribution
- Railways
- Civil construction
- Urban infrastructure
- Solar energy
- Oil & gas pipelines
- Cables
- What types of projects does KEC International undertake?
- KEC International undertakes a wide range of projects, including the construction of transmission lines, substations, railways, metro systems, urban infrastructure projects, solar power plants, and oil & gas pipelines.
- What is the significance of KEC International’s recent order wins?
- The recent order wins signify KEC International’s strong market presence and capabilities across various sectors. These orders not only contribute to the company’s revenue growth but also enhance its reputation as a reliable EPC contractor in the global market.
- Who is Vimal Kejriwal, and what is his role at KEC International?
- Vimal Kejriwal is the Managing Director & CEO of KEC International. He provides strategic leadership and oversees the company’s operations, driving growth and innovation across its diverse business verticals.
- What is the financial performance of KEC International?
- KEC International reported a robust financial performance in Q4 FY24, with its consolidated net profit increasing by 110.3% year-on-year. The company’s net sales also witnessed a significant growth of 11.6% compared to the previous year.
- How can I contact KEC International for inquiries or business collaborations?
- For inquiries or business collaborations, you can contact KEC International through its official website or directly reach out to their corporate office via phone or email, as provided on their website.
Disclaimer
The information provided on www.stockpulsdailynews.com is for informational purposes only and does not constitute financial advice. Stock trading is inherently risky, and users agree to assume full responsibility for their trading decisions, including any loss of capital. While we strive for accuracy, we do not guarantee the completeness or reliability of the information presented.
Users should conduct their own research and consult with a qualified financial advisor before making any investment decisions. www.stockpulsdailynews.com disclaims all warranties and is not liable for any damages arising from the use of this website. By using this site, you agree to these terms.
For any question, please contact us