BAJAJ BROKING
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 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 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.
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.
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.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
7th Pay Commission Leave Rules & Holidays in India
11 Dec, 2024 | 5 Min. read
Wipro Ltd
11 Dec, 2024 | 7 Min. read
Aditya Birla Group
11 Dec, 2024 | 10 Min. read
What is the Lock-in Period in IPO
11 Dec, 2024 | 6 Min. read
Textile Sector in India
11 Dec, 2024 | 11 Min. read
Step-by-Step Guide to Accessing Your Income Tax Assessment Order Online
11 Dec, 2024 | 3 Min. read
IPO vs FPO vs OFS: Key Differences in How Companies Raise Capital
11 Dec, 2024 | 8 Min. read
Gold Price in India - Gold Prices Edge Higher as Futures Hit $2,654.50
11 Dec, 2024 | 39 Min. read
Indian Overseas Bank Secures ₹1,359 Crore Income Tax Refund for AY 2015-16
11 Dec, 2024 | 2 Min. read
HG Infra Secures ₹899 Crore NH-227B Road Upgrade Project in UP
11 Dec, 2024 | 2 Min. read
NTPC Green Energy Secures 500 MW Solar Project with 250 MW ESS from SECI
11 Dec, 2024 | 2 Min. read
Awfis Space ₹583 Crore Block Deal Launches at ₹680 Floor Price
11 Dec, 2024 | 2 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading