Rs 41,000 Crore Order Book: Transmission & Distribution Company Wins Rs 1,476 Crore Orders; Secures Largest Composite T&D Project in Saudi Arabia

On Wednesday, shares of KEC International Ltd closed at Rs 547.10 per share, up 1.52 per cent from its previous closing of Rs 538.90 per share. The stock’s 52-week high is Rs 947 per share and its 52-week low is Rs 520.20 per share. During the trading session, the stock surged about 3.52 per cent to its Intraday high of Rs 557.85.

KEC International Ltd, a global infrastructure EPC major and part of the RPG Group, has secured new Transmission & Distribution (T&D) orders worth Rs 1,476 crore across multiple international and domestic markets.

The newly secured projects include a 380 kV transmission lines, substations and extra high voltage (EHV) cabling composite order in Saudi Arabia, which is the company’s largest composite T&D order in the country. The company has also won 132 kV transmission line projects in Africa.

In addition, the Order Book includes supply of transmission towers in India and the Americas, along with supply of hardware and poles in the Americas, further strengthening the company’s presence across global markets.

Commenting on the development, Vimal Kejriwal, MD and CEO of KEC International Ltd, said the company is pleased with the new order wins in its T&D business across multiple geographies. He noted that securing the largest composite order in Saudi Arabia despite the current geopolitical environment indicates continued investments in the Middle East power transmission market.

He also added that the order win in Africa signals a gradual recovery in the T&D sector in the region. With these contracts, the company has significantly strengthened its international T&D order book. Following these wins, KEC International’s year-to-date order intake has reached around Rs 22,800 crore.

KEC International Ltd is a global infrastructure Engineering, Procurement and Construction (EPC) company with operations across sectors including Power Transmission & Distribution, Civil, Transportation, Renewables, Oil & Gas Pipelines, and Cables & Conductors. The company has a footprint in more than 110 countries, covering EPC projects as well as supply of towers and cables.

The company is the flagship entity of RPG Enterprises, a diversified business group established in 1979 with a turnover of about USD 5.2 billion and business interests spanning infrastructure, tyres, pharmaceuticals, IT, specialty sectors, and emerging technology businesses.

The company has a market cap of over Rs 14,563.80 crore. The stock price has declined over 23.44 per cent in the last 1 year. The stock is currently up about 5.17 per cent from its 52-week low of Rs 520.20 per share.

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