KEC International Ltd saw its shares rise by 4% after bagging fresh orders worth ₹1,267 crores. The new contracts span across its Transmission & Distribution (T&D) and Cables businesses, further strengthening its market presence. As of 9:26 AM, the shares were trading 4.21% higher at Rs 699.90.
Key Order Highlights
Transmission & Distribution (T&D):
- 800 kV HVDC and 765 kV transmission line projects from Power Grid Corporation of India Limited (PGCIL).
- Supply of towers, hardware, and poles to clients in the Americas.
Cables:
- Orders for various cables and conductors from domestic and international markets.
Vimal Kejriwal, MD & CEO of KEC International, emphasized the strategic importance of these projects, particularly in green energy evacuation. The latest orders from PGCIL reaffirm KEC’s dominant position in India’s T&D sector.
With these contracts, KEC’s year-to-date (YTD) order intake has exceeded ₹23,300 crores, reflecting a robust 35% growth compared to last year. The company remains bullish on India’s expanding T&D market, fueled by rising energy demand and the government’s aggressive push for renewable power and transmission infrastructure.
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