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KEC International secures ₹1,171 crore Transmission and Distribution orders in the UAE and Saudi Arabia, raising its YTD order intake to ₹10,000 crore. The KEC International share price rose 0.57% to ₹869 on Wednesday, marking a 28.65% return over 12 months.
Infrastructure giant KEC International Limited announced on August 28 that it has won new orders worth ₹1,171 crore in its Transmission and Distribution (T&D) business. These orders involve constructing major transmission lines in the Middle East, a strategic market for the company.
The newly secured orders include the construction of a 400 kV transmission line in the United Arab Emirates (UAE) and a 380 kV transmission line in Saudi Arabia. These projects are part of KEC International's ongoing efforts to expand its presence in the Middle Eastern market, which has been a significant growth driver for the company.
In June 2024, the company had secured ₹1,025 crore orders in T&D and cables businesses and ₹1,061 crore orders for transmission lines in Malaysia and supply of equipment to the US.
With these recent contracts, KEC International's year-to-date (YTD) order intake has reached ₹10,000 crore, marking an impressive 80% growth compared to the same period last year.
On Wednesday, KEC International's share price closed at ₹869, reflecting a gain of 0.57%. Over the past 12 months, the KEC International share price has delivered a strong return of 28.65%.
KEC International is a leading global player in infrastructure engineering, procurement, and construction (EPC) and serves as the flagship company of the RPG Group. Its new orders in the UAE and Saudi Arabia underscore a strong foothold in the T&D sector globally.
Investors and market analysts closely watch the KEC International share price performance as the company progresses with the execution of new orders.
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This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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