Rs 14,020,000,000 order received: After this fresh win, this RPG Group company’s YTD order intake surpasses Rs 8,400 crore

The benchmark Nifty 50 ended higher on Thursday, and Monday is expected to be an interesting session, especially after Prime Minister Shri Narendra Modi, during his 79th Independence Day speech, underscored how the Goods and Services Tax (GST) implemented in 2017 has emerged as a landmark reform benefiting the nation. The government is working towards a two-slab GST structure with lower rates aimed at boosting the economy through the reduction of taxes on essential, common-man items as well as aspirational goods. This is expected to enhance affordability, spur consumption and make both essential and aspirational products more accessible to a wider population.

In other news, this EPC stock is likely to remain in focus on Monday as it has secured a significant new order. KEC International, a global infrastructure EPC major and part of the RPG Group, announced via press release that it has received fresh orders totaling Rs 1,402 crore (Rs 14,020,000,000) across its various business segments:

Transmission & Distribution (T&D):

• 765 kV transmission line order from a marquee private player in India

• Supply of towers, hardware, and poles in the Americas

Civil:

• Repeat high-rise residential order from a leading real estate developer in Northern India

Cables & Conductors:

• Orders for the supply of various types of cables and conductors in both Indian and overseas markets

Commenting on the order wins, Mr. Vimal Kejriwal, MD & CEO of KEC International Ltd., said, “We are pleased with the order wins across our businesses. In the India T&D business, we have expanded our customer base by securing a prestigious order from a reputed private player. We are also encouraged by the repeat order secured from a leading private developer in the Buildings & Factories (B&F) segment in India. With these additions, our YTD order intake has surpassed Rs 8,400 crore. These orders, along with the orders announced earlier during the year, will substantially contribute towards our targeted growth going forward.”

The company boasts a robust order book along with L1 positions worth over Rs 40,000 crore, with tenders under evaluation and in the pipeline exceeding Rs 1,80,000 crore.

Disclaimer: The article is for informational purposes only and not investment advice.