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Kec International Wins 70% Of Fy24 Orders Worth ₹12,300 Crore

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Synopsis:

KEC International has won orders worth ₹12,300 crore in FY24, representing 70% of its total order intake for the year. The stock has seen a 55% rise in 2024, despite a recent 4.6% dip.

KEC International news today

KEC International Ltd., a part of the RPG Group, has announced that it has secured orders worth ₹12,300 crore in the first half of the current financial year (FY24). This represents nearly 70% of the total ₹18,102 crore worth of orders the company received throughout FY24. KEC continues to demonstrate its dominance in key sectors, including transmission, distribution, railways, and civil construction.

KEC INTL. LIMITED

Trade

1023.45-27.29 (-2.59 %)

Updated - 03 October 2024
1043.45day high
DAY HIGH
991.50day low
DAY LOW
984536
VOLUME (BSE)

Breakdown of KEC International’s recent orders

KEC International’s latest orders, valued at ₹1,003 crore, span across multiple business segments. The company’s railways division has secured an important order for tunnel ventilation systems and associated works in India. This marks a notable addition to its portfolio in the growing infrastructure sector.

In addition to its railways business, KEC’s industrial division has received an order for civil and mechanical works for a steel plant. This highlights the company’s expanding footprint in the industrial and metals sector.

KEC’s cables division has also secured several orders for the supply of various types of cables in both domestic and international markets. This diversified order book underscores the company’s ability to cater to different sectors and regions.

Transmission and distribution lead the way

Nearly 70% of KEC’s order intake this year has come from the transmission and distribution sector, a core focus for the company. Earlier this month, KEC International received orders worth ₹1,423 crore for the design, supply, and installation of 380 kV transmission lines in Saudi Arabia. This international presence in key markets further solidifies KEC’s global position in the transmission sector.

KEC International share price performance

Despite the positive momentum, KEC International's share price faced a 4.6% dip on Friday, closing at ₹941. This correction follows its peak of ₹1,040, yet the stock has still gained 55% in 2024. The company remains on track to meet its order inflow target of ₹25,000 crore for the year.

KEC International’s order wins and diversified portfolio continues to drive its strong financial performance, positioning it as a key player across multiple sectors. With 70% of its FY24 orders already secured, the company remains on course for continued growth.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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