KEC International saw its shares surge by 5% on Monday after securing new orders worth ₹1,079 crore. These orders span the company’s Transmission & Distribution (T&D) and Cables divisions.
The latest projects include significant contracts for 765 kV and 400 kV transmission lines in India, as well as various transmission line projects in Saudi Arabia, Oman, and the UAE. The company will also be supplying cables both domestically and internationally.
With these new orders, KEC’s year-to-date order intake has now exceeded ₹8,700 crore, reflecting a growth of around 60% compared to the previous year. The company’s Managing Director and CEO, Vimal Kejriwal, noted the strong performance across multiple regions, particularly in India and West Asia.
In its FY24 annual report, the company mentioned that it secured orders worth ₹18,102 crore during the year. The biggest contributors were the India T&D business, followed by international T&D and civil operations. Additionally, 21% of these orders were for supplying products like towers, cables, hardware, and poles.
As of 9:20 a.m., KEC International’s shares were trading 4.94% higher at ₹881.35 on the NSE, reflecting investor confidence in the company’s continued growth.
