Power stock, KEC International Ltd surges 5% amid bagging Rs 1,073 crore order

Power Energy Stock, KEC International has announced securing new orders worth Rs. 1,073 crores across multiple business segments, as per the latest regulatory filings on stock exchanges. In the Transmission & Distribution (T&D) segment, the company has won contracts for T&D projects in the Middle East and the SAARC region.

Within the Civil segment, it has secured orders in the industrial sector in India. Additionally, in the Transportation segment, KEC, in a joint venture (JV), has bagged an order for the design, supply, and construction of a passenger ropeway in the North-East. Meanwhile, in the Cables segment, it has received orders to supply various types of cables for both domestic and international markets. 

With these orders, the company’s year-to-date (YTD) order intake has exceeded Rs. 18,400 crores, reflecting a remarkable growth of around 60 percent compared to the previous year. his surge in order intake has resulted in the company’s order book, including L1 positions, surpassing Rs. 40,000 crores. 

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During Monday’s session, the share price of a global infrastructure EPC major moved up by 5 percent on BSE to Rs. 1,214.25, after the company secured orders worth Rs. 1,073 crores across its various businesses including Transmission & Distribution (T&D), civil and transportation.

 The shares of KEC International Limited closed in the green at Rs. 1,197.85, up by 3.6 percent, compared to its previous closing price of Rs. 1,156.1. The stock has delivered positive returns of nearly 98 percent in one year, as well as around 35.6 percent returns in the last six months. The shares of KEC International have given positive returns of about 13 percent in the last month. 

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