Introduction:
Shares of KEC International witnessed a significant surge today, rallying up to 9.05% to reach an intraday high of Rs 941.05 per share. This jump in stock price follows the company’s announcement of securing new orders totaling Rs 1,025 crore across its Transmission & Distribution (T&D) and cables businesses.
In the T&D sector, KEC International has secured several key contracts, including a major 765 kV GIS Substation project in India from Power Grid Corporation of India Limited (PGCIL). Additionally, the company has secured a comprehensive 225 kV Composite project in West Africa, encompassing transmission lines, substations,
and underground cabling, along with supply contracts for towers, hardware, and poles in the Americas.In its cables business, KEC International has received orders for supplying various types of cables both domestically and internationally.
KEC International: 9% Stock Surge on Rs 1,025 Crore Order Win:
Vimal Kejriwal, MD & CEO of KEC International, expressed satisfaction with the robust order inflow, particularly in the T&D segment. He highlighted that these new orders have significantly bolstered the company’s order book, which now exceeds Rs 4,000 crore year-to-date, marking a remarkable growth of over 70% compared to the previous year. Kejriwal emphasized that these orders reinforce their confidence in achieving targeted growth in the future.
KEC International, a leading player in infrastructure EPC (Engineering, Procurement, and Construction), operates across multiple sectors including Power T&D, Railways, Civil Engineering, Urban Infrastructure, Solar Energy, Oil & Gas Pipelines, and Cables.
As part of the RPG Group, the company maintains a strong global presence, executing projects in over 30 countries and establishing a footprint in more than 110 countries.
Conclusion:
With a market capitalization of Rs 23,429.75 crore as per the Bombay Stock Exchange (BSE), KEC International continues to showcase its diversified capabilities and expansive reach in the global infrastructure landscape.
Investors and analysts are optimistic about KEC International’s growth trajectory, driven by its robust order pipeline and strategic expansions across various geographies and sectors. The stock’s sharp rally today underscores market confidence in the company’s ability to capitalize on opportunities in the infrastructure sector, both domestically and internationally.
Frequently Asked Questions FAQ:
1. What triggered the surge in KEC International’s stock price?
KEC International’s stock price surged by up to 9.05% following the company’s announcement of securing new orders worth Rs 1,025 crore in its Transmission & Distribution (T&D) and cables businesses. These orders significantly boosted investor confidence in the company’s growth prospects.
2. What are the key details of the orders secured by KEC International?
KEC International secured multiple contracts, including a 765 kV GIS Substation project in India from Power Grid Corporation of India Limited (PGCIL) and a comprehensive 225 kV Composite project in West Africa. The company also secured supply contracts for towers, hardware, and poles in the Americas, highlighting its global operational capabilities.
3. How has KEC International’s order book been impacted by these orders?
With the recent orders, KEC International’s year-to-date (YTD) order intake has exceeded Rs 4,000 crore, reflecting a growth of over 70% compared to the previous year. This substantial increase in the order book underscores the company’s strong performance and market position in the infrastructure sector.
4. What sectors does KEC International operate in?
KEC International is involved in various sectors including Power Transmission and Distribution, Railways, Civil Engineering, Urban Infrastructure, Solar Energy, Oil & Gas Pipelines, and Cables. The company’s diversified portfolio enables it to leverage opportunities across different segments of the infrastructure industry.
5. Who is the CEO of KEC International and what is his outlook on the recent developments?
Vimal Kejriwal serves as the Managing Director & CEO of KEC International. He has expressed confidence in achieving targeted growth following the recent order wins, emphasizing the company’s commitment to expanding its footprint both domestically and internationally.
6. What is the market capitalization of KEC International?
As per the Bombay Stock Exchange (BSE), KEC International’s market capitalization stands at Rs 23,429.75 crore. This figure reflects the company’s valuation in the stock market based on its share price and outstanding shares.
7. How does KEC International’s global presence contribute to its business strategy?
KEC International operates in over 30 countries and has established a presence in more than 110 countries globally. This extensive geographical footprint enables the company to access diverse markets, mitigate risks, and capitalize on international growth opportunities in the infrastructure EPC sector.
8. What are analysts and investors saying about KEC International’s future prospects?
Analysts and investors are optimistic about KEC International’s growth trajectory, driven by its strong order book, strategic expansions, and favorable industry trends. The recent stock price surge indicates market confidence in the company’s ability to deliver sustainable growth and shareholder value.
9. Where can I find more information about KEC International?
For more information about KEC International, including financial updates, corporate announcements, and investor relations, you can visit the company’s official website or refer to stock market platforms that provide detailed company profiles and news updates.
10. How can I invest in KEC International’s stock?
You can invest in KEC International’s stock through a registered stockbroker or financial institution that offers stock trading services. Ensure you conduct thorough research and consider consulting with a financial advisor to make informed investment decisions based on your financial goals and risk tolerance.
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