Shares of KEC International are expected to draw attention on Wednesday following the company’s announcement that it has secured new orders valued at Rs 1,236 crore from both domestic and international markets.
In a filing with the stock exchange, the company disclosed that its Transmission & Distribution (T&D) business has obtained new orders for projects in India and the Middle East. These orders include transmission line and substation contracts in the UAE and Kuwait, along with a substation order from a private TBCB player in India.
Within the civil business segment, KEC International has secured a contract for a residential project from a major private developer in Western India. The transportation segment has been awarded a project in the Train Collision Avoidance System (TCAS) sector under India’s ‘Kavach’ initiative. Additionally, the cable business division received orders for various types of cables for both domestic and international supply.
Vimal Kejriwal, Managing Director & CEO of KEC International, commented that the order in the UAE has notably strengthened the company’s order book in the Middle East substation market. He stated that their Civil business continues to expand its clientele in the residential segment by adding a renowned real estate developer.
Kejriwal also noted that with these new orders, the company’s total order intake for the fiscal year 2025 has reached a record Rs 24,600 crore, marking a substantial 36% increase compared to the previous year.
Regarding the company’s share performance, KEC International’s stock has risen by 10%, although it has underperformed its sector by 51% over the past year. The stock has provided returns of 105% and 361% over the last three and five years, respectively. According to Trendlyne data, KEC International has delivered better one-year returns compared to Nifty50 and Sensex, but has performed less favorably when compared to its industry and sector.
About KEC International: Established in 2005, KEC International Ltd. is a mid-cap company with a market capitalization of Rs 21,076.39 crore, primarily operating in the power sector. The company specializes in the Engineering, Procurement, and Construction (EPC) business, focusing on infrastructure-related products, projects, systems, and activities, encompassing power transmission, distribution, railway, civil, cable, and other EPC sectors.