KEC International Limited | Latest market updates

KEC International Secures ₹1,002 Crore Orders in Civil Business

KEC International secures significant civil orders worth ₹1,002 crore, including residential projects and official residences for Defence officials.

On June 5, 2024, KEC International Limited informed the stock exchanges that the company had secured orders worth ₹1,002 crore in its civil business.

These significant orders include the development of residential projects in Northern and Southern India from renowned real estate developers and the construction of official residences and associated facilities for senior Defence officials in India.

KEC International Limited stated this as its largest order in the Residential Building Segment.

Commenting on this significant order, the Managing Director and CEO of KEC International Ltd, Mr Vimal Kejriwal, said, “We are pleased with the new orders in our Civil business, including our largest order in the Residential segment. The Civil business continues to be on an exponential growth trajectory, which is reflected in the substantial repeat orders secured from existing clients across diverse segments.”

He further added with this order in Northern India, KEC is now engaged in constructing more than 70 high-rise buildings for marquee clients nationwide. These orders reconfirm their confidence in the business’s substantial contribution to KEC’s overall growth.

Earlier this year, in April, the company secured various orders worth ₹1,036 crore across various businesses. In the Transmission & Distribution (T&D) sector, the company has secured notable orders for projects in the Middle East and the Americas. This includes the establishment of Overhead Transmission lines in the United Arab Emirates (UAE) and the supply of towers, poles and hardware in the Americas region. Additionally, in the Railways segment, the company has secured an order for additional work in the conventional segment within India. Furthermore, in the Cables division, the company has secured orders for the supply of different types of cables both in domestic and international markets.

About KEC International Limited

KEC International Limited is a prominent global infrastructure Engineering, Procurement, and Construction (EPC) player. Its operations span various sectors including Railways, Power Transmission and Distribution, Urban Infrastructure, Civil, Solar, Oil & Gas Pipelines, and Cables. It is a flagship company of the RPG Group.

On June 5, 2024, the share price of KEC International Ltd opened at ₹730.00, touching the day’s high at ₹744.25, as of 10:49 AM on the NSE.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

KEC International Secures Contracts Worth Over Rs 1,000 Crore

KEC International’s Rs.1,002 crore order win and April’s diverse contracts highlight its robust growth and global reach in the EPC industry.

Category: Stocks

KEC International, a global infrastructure engineering, procurement, and construction (EPC) major, has announced securing new contracts totaling Rs.1,002 crore, sparking a significant boost in its share price, rallying by 6% today, showcasing the company’s strong growth trajectory and operational advantages in securing diverse contracts.

Major Residential Projects

In a filing, KEC International revealed that the Rs.1,002 crore order encompasses residential projects in northern and southern India, commissioned by well-known real estate developers, and includes the construction of official residences and associated facilities for senior defense officers in India.

Vimal Kejriwal, MD and CEO of KEC International highlighted that this is the company’s largest order in the residential segment to date in terms of exponential growth of their civil business, driven by a high volume of repeat orders from diverse sectors. He also mentioned that with this order in Northern India, KEC is now constructing over 70 high-rise buildings for marquee clients across the country.

Diverse Orders in April

In addition to this major order, KEC International secured orders amounting to Rs.1,036 crore in April across various business verticals. The Transmission & Distribution (T&D) segment played a significant role, with orders for projects in the Middle East and the Americas. One notable project involves setting up overhead transmission lines in the United Arab Emirates (UAE).

Expanding Global Reach

KEC International’s global reach and expertise in the T&D industry were further showcased by their involvement in providing poles, hardware, and towers for projects in the USA, reflecting the company’s capabilities and international footprint.

Railway and Cable Sectors

In the conventional railway sector, KEC International secured additional work within India, reinforcing its position in the domestic market. The company’s cable division also saw success, receiving orders for various types of cables from both domestic and international clients.

Conclusion: KEC International’s recent Rs.1,002 crore order win, combined with diverse contracts secured in April, showcases its strong growth and extensive global reach. With significant projects across India and international markets, KEC continues to strengthen its position as a leader in the EPC industry, driving financial and operational success.