
Open Your Free Demat Account
Enjoy low brokerage on delivery trades
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
Disclaimer :
The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.
The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.
Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.
BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.
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 more disclaimer, check here : https://www.bajajbroking.in/disclaimer
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading