Introduction:
KEC International witnessed a 2.43% surge, reaching Rs 714.35, following the announcement of securing new orders worth Rs 1,002 crore in its civil business domain.
The recent influx of orders includes prestigious residential projects in both northern and southern India from renowned real estate developers. Additionally, contracts for the construction of official residences and associated facilities for senior defense officials in India have been acquired.
Vimal Kejriwal, the MD & CEO of KEC International, expressed satisfaction with the latest developments, highlighting the significance of these orders, especially the largest one in the residential segment. He emphasized the continued exponential growth trajectory of the civil business,
evident from substantial repeat orders from diverse segments and existing clients.
Driving Growth: KEC International Secures Rs 1,002 Crore Orders in Civil Business:
With the addition of these orders in northern India, KEC International is currently engaged in the construction of over 70 high-rise buildings for esteemed clients nationwide. This reaffirms the company’s confidence in the sustained contribution of this business segment to its overall growth.
KEC International, a global infrastructure engineering, procurement, and construction (EPC) major, operates across various verticals, including power transmission and distribution, railways, civil engineering, urban infrastructure, solar energy, oil & gas pipelines, and cables.
Conclusion:
In Q4 FY24, the company reported a remarkable 110.3% surge in consolidated net profit, totaling Rs 151.75 crore, compared to Rs 72.17 crore in Q4 FY23. Net sales also exhibited robust growth, standing at Rs 6,164.83 crore, reflecting an 11.6% increase year-on-year.
Frequently Asked Questions FAQ:
- What is KEC International?
- KEC International is a global infrastructure engineering, procurement, and construction (EPC) major operating in various sectors such as power transmission and distribution, railways, civil engineering, urban infrastructure, solar energy, oil & gas pipelines, and cables.
- What prompted KEC International’s recent surge in stock price?
- KEC International experienced a 2.43% increase in its stock price after announcing the acquisition of new orders worth Rs 1,002 crore in its civil business domain.
- What types of projects are included in the recent orders secured by KEC International?
- The recent orders comprise residential projects in northern and southern India from renowned real estate developers, as well as contracts for constructing official residences and associated facilities for senior defense officials in India.
- How does KEC International view the significance of these recent orders?
- Vimal Kejriwal, the MD & CEO of KEC International, expressed satisfaction with the new orders, particularly highlighting the largest one in the residential segment. He emphasized the continued exponential growth trajectory of the civil business, indicating substantial repeat orders from diverse segments and existing clients.
- What is the current project portfolio of KEC International in India?
- With the addition of the recent orders in northern India, KEC International is presently engaged in constructing over 70 high-rise buildings for marquee clients across the country.
- How do these recent orders contribute to KEC International’s overall growth?
- The recent orders affirm KEC International’s confidence in the sustained contribution of the civil business segment to its overall growth.
- What are the financial highlights of KEC International in the latest quarter (Q4 FY24)?
- In Q4 FY24, KEC International reported a remarkable 110.3% surge in consolidated net profit, totaling Rs 151.75 crore, compared to Rs 72.17 crore in Q4 FY23. Net sales also exhibited robust growth, standing at Rs 6,164.83 crore, reflecting an 11.6% increase year-on-year.
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