Shares of KEC International surged over 4% in morning trade on Wednesday after the company announced fresh order wins worth ₹1,236 crore in its Civil business segment. The contracts have been secured from renowned real estate developers for high-rise residential projects in Western India. As of 9:19 AM, the shares were trading 3.89% higher at Rs 923.30.
The awarded projects cover more than 50 lakh sq. ft. of residential construction, including allied infrastructure works. This marks a strategic expansion for KEC into the premium housing space.
Commenting on the development, Vimal Kejriwal, MD & CEO, KEC International, said, “We’re thrilled to bag premium civil orders, including our largest ever in the Buildings & Factories segment. These wins signify our strong entry into the high-rise residential sector, with structures going up to G+70 storeys.”
Kejriwal added that these orders have significantly enhanced the company’s civil order book and diversified its client base with two marquee additions.
With the latest wins, KEC is now executing over 70 high-rise buildings across India for leading clients. The company’s year-to-date (YTD) order inflow has surpassed ₹5,500 crore, reflecting a robust 35% growth compared to the same period last year.
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