KEC International Surges as Orders Worth ₹1,061 Crore Pour In

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KEC International Surges as Orders Worth ₹1,061 Crore Pour In

Team FS

10/Jun/2024

Key Points:

KEC International shares rise up to 8% on the BSE following orders worth ₹1,061 crore across transmission, railways, and cables businesses.
Orders include power transmission projects in India, East Asia Pacific, and the Americas, along with railways and cables projects in India and overseas.
KEC International, a part of the RPG Group, operates in multiple verticals, including power transmission, railways, civil construction, and cables.

KEC International, a leading Engineering, Procurement, and Construction (EPC) company, witnessed a significant surge in its stock price, with shares rising up to 8% on the Bombay Stock Exchange (BSE). This surge came after the company announced receiving orders worth ₹1,061 crore across its transmission and distribution, railways, and cables businesses.

Diverse Order Portfolio:
In a filing to the stock exchanges, KEC International disclosed that it has secured multiple orders spanning various geographies and sectors. These orders include power transmission and distribution projects in India, East Asia Pacific, and the Americas. Additionally, the company has received orders for railways projects in India and cables projects both in India and overseas.

Expansion in Key Sectors:
The orders received by KEC International reflect the company's strategic focus on expanding its presence in key sectors such as power transmission, railways, and cables. Notably, the company has bagged orders for laying transmission lines and substations in India, transmission lines in Malaysia, and supplying towers, hardware, and poles in the Americas. Moreover, the company's railways business secured an order for the Bengaluru Metro Rail Corporation, while its cables business received orders for power transmission conductors and various types of cables.

RPG Group Affiliation:
KEC International operates as part of the RPG Group of companies, which encompasses diverse industries such as power transmission, railways, civil construction, urban infrastructure, solar, oil & gas pipelines, and cables. With its robust order book and diversified business portfolio, KEC International continues to play a pivotal role in India's infrastructure development.

Conclusion:
As KEC International's shares continue to rise on the BSE, fueled by a flurry of new orders, the company reaffirms its position as a key player in the EPC industry. With a strong focus on innovation, quality, and customer satisfaction, KEC International remains poised for sustained growth and success in the dynamic landscape of infrastructure development.

Also Read : Raymond Ltd. Surges as Company Secures Mumbai Redevelopment Project

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KEC International Surges as Orders Worth ₹1,061 Crore Pour In

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