KEC International | Business Upturn

KEC International secures Rs 1,002 crore in new orders across multiple sectors

Business Desk — Tue, 05 May 2026 12:20:04 +0000

KEC International Ltd., a prominent global infrastructure EPC company and part of the RPG Group, has announced the acquisition of new orders amounting to ₹1,002 crores. These orders span across various business sectors, further strengthening the company’s portfolio.

In the Transmission & Distribution (T&D) sector, KEC International has secured significant projects in India and the Americas. This includes a ± 500 kV HVDC transmission line project from a well-known private developer in Western India and 132 kV cabling works from a reputed steel producer in Eastern India. Additionally, the company will supply towers, hardware, and poles in the Americas.

The Renewables sector has also seen a boost with KEC securing an order for a 100+ MW wind project in Southern India from a renowned private developer. This order marks an expansion in the company’s wind energy segment, reinforcing its presence in the renewables market.

In the Transportation sector, KEC International has obtained two orders in the Automatic Block Signaling (ABS) segment in Southern India, showcasing its technological capabilities and reinforcing its position in this segment.

The Cables & Conductors business has also received various orders, both domestically and internationally, further diversifying the company’s market reach.

Mr. Vimal Kejriwal, Managing Director and CEO of KEC International Ltd., expressed satisfaction with the new order wins, highlighting the prestigious HVDC order’s contribution to strengthening the company’s T&D order book in India, particularly in the HVDC space. He also noted the repeat order in the Wind Energy segment as a testament to the company’s growing footprint in renewables.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

KEC International receives ESG rating of 51 from ESG Risk Assessments

Business Desk — Thu, 09 Apr 2026 14:42:11 +0000

KEC International has been assigned an ESG rating of 51 by ESG Risk Assessments & Insights Limited. This rating reflects the company’s performance in environmental, social, and governance aspects, as per the latest evaluation.

The ESG rating is a crucial indicator for stakeholders, providing insights into the company’s sustainability practices and governance standards. A rating of 51 suggests a moderate level of risk associated with KEC International‘s ESG practices.

This assessment is part of the company’s compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure of the ESG rating is intended to keep investors and stakeholders informed about the company’s commitment to sustainable and responsible business practices.

The assignment of the ESG rating was communicated in a regulatory filing submitted to the National Stock Exchange of India (NSE) and BSE Limited, ensuring transparency and adherence to regulatory requirements.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

KEC International shares surge over 7% after Rs 2,518 crore order win across key segments

Aman Shukla — Thu, 09 Apr 2026 03:45:05 +0000

KEC International shares jumped over 7% after the company announced fresh orders worth ₹2,518 crore across multiple business verticals, signaling strong growth momentum and improved order visibility.

The latest order inflows mark a significant milestone for the company, with notable traction seen in its Civil, Transportation, Transmission & Distribution (T&D), and Cables & Conductors segments.

The Civil business emerged as a key highlight, securing its largest-ever commercial real estate project from a leading developer in Western India. This order underlines KEC International’s expanding presence in the civil construction space and its growing capability to execute large-scale urban infrastructure projects.

In the Transportation segment, the company secured a joint venture order under the Train Collision Avoidance System (TCAS), part of India’s ‘Kavach’ initiative. This development strengthens its role in modernising railway safety infrastructure and aligns with the government’s push toward advanced rail technologies.

The Transmission & Distribution segment also contributed significantly to the order book. KEC International won contracts for the construction of 400/132/66 kV transmission lines in Africa, along with additional international orders for transmission lines and substations. The company will also supply towers across Europe and the Americas, alongside hardware and poles in the American market.

Meanwhile, the Cables & Conductors division received multiple orders for the supply of cables and conductors in both domestic and international markets. This reinforces the company’s strong positioning in the global cables segment and highlights consistent demand across geographies.

Top Stocks For Trade Today, April 9: NTPC, Bosch, KEC International, Lupin, ITC Hotels and more

Aman Shukla — Thu, 09 Apr 2026 03:25:04 +0000

Indian markets may see stock-specific action across power, IT, pharma, infrastructure, and logistics counters following a series of regulatory approvals, order wins, and block deals.

Power & Energy in Focus

NTPC will be tracked after the Central Electricity Authority approved capacity uprating at its Dadri unit. The company has also signed an MoU with EDF to collaborate on nuclear power development, indicating long-term expansion in clean energy.

NHPC is also in focus after the Cabinet Committee on Economic Affairs cleared a ₹26,069 crore investment for a 1,720 MW hydroelectric project in partnership with the Andhra Pradesh government.

Capital Goods & Infrastructure

Bosch may see movement after confirming plans to acquire Bosch Chassis Systems India for around ₹9,070 crore, consolidating its India operations.

KEC International has secured fresh orders worth ₹2,518 crore, adding to its order book across transmission and infrastructure segments.

RITES reported an increase of ₹39 crore in the value of its earlier order from NALCO, indicating incremental revenue visibility.

IT & Digital Services

Coforge has launched AI model squads aimed at helping clients build their own AI-agent teams, reflecting continued focus on enterprise AI adoption.

Info Edge reported steady growth in its recruitment business, with billings rising 7.45% YoY and segment growth at 9.5%.

Pharma Developments

Lupin received US FDA approval for two new drug applications, which may support its US market pipeline.

Hospitality & Block Deals

ITC Hotels could remain in focus after GQG Partners sold 1.3 crore shares at ₹152.7 per share via block deals, indicating stake reshuffling.

Logistics & Institutional Activity

Delhivery saw a 1.6% equity stake sale by Nexus at ₹442 per share. Institutional buyers included ICICI Prudential Mutual Fund and SBI Mutual Fund.

These developments are likely to drive stock-specific movements during today’s session, with investors tracking execution timelines, institutional flows, and regulatory follow-through.

KEC International secures Rs 2,518 crores in new orders

Business Desk — Wed, 08 Apr 2026 13:03:43 +0000

KEC International Ltd., a prominent global infrastructure EPC company under the RPG Group, has announced the acquisition of new orders amounting to ₹2,518 crores across various business sectors. This development marks a significant milestone for the company, particularly in its Civil business division.

The Civil business has achieved its largest-ever commercial real estate order from a leading real estate developer in Western India, highlighting KEC International‘s expanding footprint in the sector. Meanwhile, the Transportation segment has secured a joint venture order in the prestigious Train Collision Avoidance System (TCAS) segment under the ‘Kavach’ initiative in India, reinforcing its commitment to enhancing safety in Indian Railways.

In the Transmission & Distribution (T&D) sector, KEC International has secured multiple orders, including the construction of 400/132/66 kV transmission lines in Africa and additional orders for transmission lines and substations in international markets. The company will also supply towers in Europe and the Americas, as well as hardware and poles in the Americas.

The Cables & Conductors division has received orders for the supply of various types of cables and conductors, both domestically and internationally, further strengthening its market position.

Mr. Vimal Kejriwal, Managing Director and CEO of KEC International Ltd., expressed his satisfaction with the recent order wins, stating, “We are delighted with the order wins across our businesses. The Civil business has secured its largest ever commercial real estate order, marking a significant milestone and adding a marquee client to our portfolio. Our Transportation business continues to strengthen its presence in the growing TCAS (Kavach) segment, contributing to enhanced safety for Indian Railways through world-class technology. Our international T&D order book continues to diversify across geographies. The successive order wins in Africa reflect a recovery in the T&D market in that region.”

KEC International is a key player in the global infrastructure Engineering, Procurement, and Construction (EPC) sector, with a presence in over 110 countries. It operates across verticals such as Power Transmission & Distribution, Civil, Transportation, Renewables, Oil & Gas Pipelines, and Cables & Conductors.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

KEC International sees ESG rating upgrade to ‘A’ by MSCI

Business Desk — Fri, 27 Mar 2026 11:05:16 +0000

KEC International has achieved a notable enhancement in its environmental, social, and governance (ESG) credentials. MSCI ESG Ratings has upgraded the company’s ESG rating from ‘BBB’ to ‘A’, effective from 23 March 2026.

The upgrade signifies KEC International‘s improved performance in managing ESG risks and opportunities, reflecting positively on its commitment to sustainable practices. This development is expected to bolster the company’s reputation among investors and stakeholders who prioritise ESG considerations in their decision-making processes.

MSCI ESG Ratings evaluates companies on their exposure to industry-specific ESG risks and their ability to manage those risks relative to peers. An ‘A’ rating indicates that KEC International is considered to have an above-average ability to manage its ESG risks compared to its industry counterparts.

This upgrade comes amidst a growing global emphasis on sustainable business practices, with companies increasingly being assessed not just on financial performance but also on their environmental and social impact. KEC International’s enhanced rating is likely to open up new opportunities for the company, as investors are increasingly favouring firms with strong ESG credentials.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

KEC International receives ESG rating of 72.2 for FY2025

Kinjal — Fri, 20 Mar 2026 08:59:23 +0000

KEC International has been assigned an ESG rating of 72.2 for the financial year 2025 by SES ESG Research Private Limited. This rating reflects the company’s commitment to environmental, social, and governance standards.

The ESG rating is a significant indicator of a company’s sustainability and ethical impact, and KEC International‘s score suggests a strong adherence to these principles. The rating is part of the company’s ongoing efforts to align with global sustainability standards and enhance its corporate responsibility initiatives.

SES ESG Research Private Limited, an independent entity, provided this evaluation, which is crucial for investors and stakeholders who are increasingly considering ESG factors in their decision-making processes.

This disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follows the SEBI Master Circular issued on January 30, 2026.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

KEC International shares surge over 4% after securing Rs 1,476 crore transmission & distribution orders

Aman Shukla — Thu, 12 Mar 2026 03:45:27 +0000

KEC International shares gained more than 4% after the infrastructure engineering and EPC company announced that it has secured new orders worth ₹1,476 crore in its Transmission & Distribution (T&D) business across multiple global markets.

The company said the orders span regions including India, the Middle East, Africa, and the Americas, strengthening its international order pipeline and reinforcing its position in the global power transmission sector.

A major highlight of the announcement is the company’s largest-ever composite T&D order in Saudi Arabia. The project includes the construction of 380 kV transmission lines, substations, and extra-high-voltage (EHV) cabling, marking a significant expansion of KEC International’s presence in the Middle East power infrastructure market.

In Africa, the company has secured orders for 132 kV transmission lines, indicating renewed activity in the region’s transmission sector. The company has also won contracts for the supply of towers in India and the Americas, along with hardware and poles in the Americas, further diversifying the geographical spread of its order book.

Commenting on the development, Vimal Kejriwal, Managing Director and CEO of KEC International, said the company is pleased with the order wins and highlighted the importance of the Saudi Arabia project, particularly given the current geopolitical environment in the region. He also noted that the new order in Africa reflects signs of recovery in the region’s T&D market.

KEC International Q3 Results

KEC International reported a marginal decline in net profit for the third quarter of FY26, even as revenue and operating performance improved during the period.

The company posted a consolidated net profit of ₹127.5 crore in Q3FY26, down 1.6% from ₹129.6 crore reported in the same quarter last year.

Revenue from operations increased 12.2% year-on-year to ₹6,001 crore compared with ₹5,349 crore in the corresponding period of the previous fiscal. The growth was supported by project execution across business segments.

Operating performance improved during the quarter. EBITDA rose 15% YoY to ₹430.3 crore from ₹374.3 crore a year earlier. EBITDA margin expanded slightly to 7.1%, compared with 7% in the year-ago period, reflecting operating leverage and cost efficiencies.

Profit before tax and exceptional items stood at ₹218.7 crore, up from ₹159.8 crore in the same quarter last year. However, the company recorded exceptional items worth ₹58.8 crore during the quarter.

For the nine months ended December 31, 2025, KEC International reported consolidated revenue of ₹17,116 crore, compared with ₹14,975 crore in the same period last year. Net profit for the period increased to ₹412.8 crore from ₹302.6 crore a year earlier.

Top stocks for trade today, March 12: Wipro, Oil India, ONGC, KEC International, Dalmia Bharat and more

Aman Shukla — Thu, 12 Mar 2026 03:04:41 +0000

Several stocks are expected to remain in focus on March 12 as companies announced new orders, operational updates, and regulatory developments. Rising crude oil prices, contract wins, project updates, and operational disruptions are among the key triggers likely to influence trading activity today.

Crude Surge Puts Oil Stocks in Focus

Shares of Oil and Natural Gas Corporation and Oil India may see attention after crude prices rose more than 7%, with Brent Crude nearing $100 per barrel.

Wipro Announces Multi-Year Contract

Wipro said it has entered into a multi-year contract with TruStage for business and technology modernisation of TruStage’s retirement services operations.

KEC International Order Win

KEC International announced new transmission and distribution (T&D) orders worth ₹1,476 crore. The company stated that its order book now stands at about ₹22,800 crore.

Omnitech Engineering Contract

Omnitech Engineering has secured a five-year contract worth ₹920 crore from Weatherford Products GmbH.

Craftsman Automation Board Decision

The board of Craftsman Automation approved a phased consolidation of its aluminium business.

Jubilant FoodWorks Production Update

Jubilant FoodWorks said it has started production at a commissary facility in Raigad, Maharashtra.

Ramky Infrastructure Acquisition Plan

Ramky Infrastructure said it plans to acquire a water and wastewater management company. Additional details have not been disclosed.

Ceigall India L1 Bidder

Ceigall India stated that its 74:26 joint venture has emerged as the lowest bidder for a 56-km road project in Arunachal Pradesh.

Dalmia Bharat ED Case Update

Dalmia Bharat said the proceeds of crime amount in an Enforcement Directorate case has been reduced by ₹700 crore, and the company will pursue legal remedies.

Other Companies in Focus

Mahanagar Gas reported curtailed gas supply and said prioritisation measures are being implemented. Separately, Prudential plc increased its stake in the company by 0.06%.

Operations of Borosil in Jaipur have been affected due to a gas shortage, with one unit suspended and operations curtailed at another unit.

Aether Industries reported a fire at one of its warehouses, with the extent of loss yet to be determined. The company said the facility is insured.

Indo Tech Transformers said a ₹65 crore order was cancelled by a customer due to execution delays.

The Tamil Nadu Pollution Control Board has ordered Setco Automotive to close one of its units.

Manufacturing companies may also remain in focus after the United States initiated investigations under the Section 301 Trade Act related to manufacturing sectors.

KEC International secures Rs 1,476 crore in new T&D orders

Business Desk — Wed, 11 Mar 2026 12:47:59 +0000

KEC International has announced securing new orders worth ₹1,476 crore for its Transmission & Distribution (T&D) projects across multiple regions, including India, the Middle East, Africa, and the Americas.

The company has won its largest composite T&D order in Saudi Arabia, which includes 380 kV transmission lines, substations, and EHV cabling. Additional orders comprise 132 kV transmission lines in Africa, as well as the supply of towers in India and the Americas, and hardware and poles in the Americas.

Vimal Kejriwal, Managing Director and CEO of KEC International, expressed satisfaction with the new orders, highlighting the significance of the Saudi Arabian order amidst geopolitical challenges. He noted that the order in Africa signifies a recovery in the region’s T&D market. With these new contracts, KEC International’s year-to-date order intake has reached approximately ₹22,800 crore.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

KEC International secures Rs 1,002 crore orders across T&D and Cables businesses; YTD order intake nears Rs 21,300 crore

Aman Shukla — Tue, 24 Feb 2026 08:00:56 +0000

KEC International Ltd., a global infrastructure EPC major and part of the RPG Group, has secured new orders worth ₹1,002 crore across its Transmission & Distribution (T&D) and Cables & Conductors businesses. The fresh wins further strengthen the company’s order book and reinforce its position in the power infrastructure segment.

The latest contracts span domestic and international markets, reflecting sustained demand for power transmission and distribution projects.

In the Transmission & Distribution segment, KEC International has bagged a composite order in India covering 220/132 kV transmission lines, substations and Extra High Voltage cabling works. The company has also secured an additional order for a 400 kV transmission line in the international market, along with orders for the supply of towers, hardware and poles in the Americas.

The Cables & Conductors business has won contracts for the supply of various types of cables and conductors in both Indian and overseas markets, indicating steady traction in the manufacturing and supply vertical.

Commenting on the development, Managing Director and CEO Vimal Kejriwal stated that the new order wins, particularly in the T&D segment, have significantly strengthened the company’s order book. The composite order in India has further diversified the customer mix within the domestic T&D portfolio. With these additions, the company’s year-to-date order intake stands at approximately ₹21,300 crore.

KEC International shares jump over 3% after bagging Rs 1,020 crore worth of new orders

Aman Shukla — Tue, 03 Feb 2026 03:59:46 +0000

Shares of KEC International rallied over 3% after the company announced the receipt of fresh orders worth ₹1,020 crore across multiple business verticals, reinforcing its strong order inflows and diversified execution capabilities.

The newly secured orders span civil construction, transportation, transmission and distribution (T&D), as well as cables and conductors, underlining KEC International’s balanced business model and broad sectoral presence. The robust order intake is expected to further strengthen the company’s already healthy order book.

In the civil segment, KEC International has won a major order for the construction of a multispeciality hospital from a reputed healthcare player in Central India. This project enhances the company’s footprint in healthcare infrastructure and reflects sustained demand for large-scale civil construction projects in the region.

The transportation business also recorded a fresh win with an order for the construction of a railway siding for a private sector client in Central India. The project aligns with increased investments in rail-linked logistics infrastructure aimed at improving operational efficiency and supply chain connectivity.

The transmission and distribution segment continued its momentum with orders for 220 kV and 132 kV cabling works from a leading steel producer in Eastern India. Additionally, the company secured international orders in the Americas for the supply of towers, hardware, and poles, highlighting its sustained presence and competitiveness in global T&D markets.

KEC International shares in focus today after winning Rs 1,020 crore orders across civil, T&D, rail segments

Aman Shukla — Tue, 03 Feb 2026 03:23:32 +0000

KEC International shares were in focus today after the company announced the receipt of new orders worth ₹1,020 crore across multiple business segments, strengthening its order book and reinforcing its diversified execution capabilities.

The civil business secured a significant order for the construction of a multispeciality hospital from a reputed healthcare player in Central India. This project adds to the company’s growing footprint in the healthcare infrastructure segment and reflects continued demand for large-scale civil construction projects in the region.

In the transportation segment, the company won an order for the construction of a railway siding for a private sector client in Central India. The order aligns with ongoing investments in logistics and rail-linked infrastructure aimed at improving supply chain efficiency.

The transmission and distribution business also recorded fresh wins, including 220 kV and 132 kV cabling works from a reputed steel producer in Eastern India. In addition, the company secured orders for the supply of towers, hardware, and poles in the Americas, highlighting its sustained presence in international T&D markets.

The cables and conductors business received orders for the supply of various types of cables and conductors across domestic and overseas markets. These orders underline steady demand from both Indian and global customers for power transmission and distribution products.

KEC International bags new orders worth Rs 1,050 crore across various businesses

Aman Shukla — Thu, 01 Jan 2026 06:24:04 +0000

KEC International Ltd., a global infrastructure EPC major and part of the RPG Group, has announced fresh order wins worth ₹1,050 crore across multiple business verticals, reinforcing the company’s diversified project pipeline and execution visibility.

In the renewables segment, KEC International has secured its first-ever wind energy order, winning a Balance of Plant (BoP) package for a 100+ MW wind power project in southern India. The order has been awarded by a reputed private developer and marks the company’s formal entry into the wind energy BoP space, an area seeing rising activity amid India’s renewable capacity expansion.

The civil business has added a new order in the Buildings & Factories segment, receiving a downstream project in western India from an existing client. The project is linked to a leading steel manufacturer and strengthens KEC’s presence in industrial and heavy engineering construction, where repeat orders continue to support stable order inflows.

In the Transmission & Distribution segment, the company has secured orders in the Americas for the supply of towers, hardware, and poles. These orders point to improving demand conditions in the North and Latin American T&D markets. Additionally, the cables and conductors business has won multiple supply orders across India and overseas markets, further supporting volume growth in manufacturing-led verticals.

Commenting on the development, Vimal Kejriwal, MD & CEO of KEC International, said the company is encouraged by the broad-based order inflow, particularly the maiden wind energy order, which opens a new avenue within the renewable energy portfolio. He also highlighted that SAE Towers, a subsidiary, has secured significant tower supply orders in Mexico, reflecting an uptick in T&D activity across North America.

With these latest wins, KEC International’s year-to-date order intake stands at approximately ₹19,300 crore.

Why are KEC International shares up over 5% today: Explaned

Aman Shukla — Mon, 22 Dec 2025 04:09:15 +0000

Shares of KEC International surged over 5% in early trade after the company received interim relief from the High Court of Delhi, providing a major boost to investor sentiment. The rally followed a court order that kept in abeyance an earlier directive issued by Power Grid Corporation of India Limited (PGCIL), which had barred the company from participating in its tenders for nine months.

The development relates to a communication dated November 18, 2025, through which PGCIL had excluded KEC International from bidding for its projects. Challenging this decision, the company filed a writ petition before the High Court of Delhi, contesting the exclusion order and placing its submissions on record.

After hearing the matter, the Delhi High Court, through its order dated December 17, 2025—received by the company on December 19, 2025—directed that the PGCIL order be kept in abeyance. The court observed that a fresh or supplementary order should be passed by PGCIL after expressly considering all contentions raised by KEC International in its reply to the show cause notice.

Crucially, the court has also permitted KEC International to continue participating in all ongoing bids, including those floated by PGCIL, until the matter is reconsidered and concluded by the power transmission major. This relief removes a key overhang for the company, which has a significant presence in power transmission and infrastructure projects.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

KEC International shares jump over 4% after bagging Rs 1,150 crore orders in T&D and Civil segments

Aman Shukla — Mon, 15 Dec 2025 03:45:53 +0000

KEC International Ltd., a global infrastructure engineering, procurement, and construction (EPC) major and part of the RPG Group, saw its shares surge more than 4% after the company announced fresh order wins worth ₹1,150 crore in India. The strong order inflow has boosted investor sentiment, highlighting KEC’s growing strength across its core Transmission & Distribution (T&D) and Civil businesses.

In the Transmission & Distribution segment, KEC International secured its largest-ever order in the Indian market from a reputed private player. The project includes the construction of a 765 kV transmission line along with a 765/400 kV air-insulated substation. The substation will be executed on a lump-sum turnkey (LSTK) basis, reinforcing the company’s expertise in handling complex, high-voltage power infrastructure projects.

The Civil business also added to the order momentum, with KEC winning a contract for additional civil and structural works at a 150 MW thermal power plant. The order has been awarded by a prominent private sector client, further strengthening the company’s footprint in the power infrastructure space.

Top stocks to watch today, December 15: Wipro, Paytm, Bharat Electronics, KEC International, Ashoka Buildcon and more

Aman Shukla — Mon, 15 Dec 2025 02:17:03 +0000

A steady flow of corporate updates is set to influence market sentiment today, December 15, as several listed companies announced business developments, regulatory updates, partnerships, fund-raising plans, and order wins. These announcements are expected to keep a wide range of stocks in focus during today’s trading session. Here’s a detailed look at the major stocks expected to be in focus on December 15.

Stocks to Watch on December 15

Granules India received an Establishment Inspection Report from the US FDA
Bharat Electronics (BEL) secured fresh defence orders worth ₹776 crore
Wipro announced a three-year strategic partnership with Microsoft
Thomas Cook India opened its third outlet in Indore, Madhya Pradesh
R Systems International completed the acquisition of Novigo Solutions
GPT Infraprojects won a ₹53.6 crore order from South Eastern Railway
Caplin Point Laboratories completed INVIMA inspection at Puducherry facility
NLC India signed a JV with PTC India and received LoA for a 110 MW solar project
Jonjua Overseas board to consider a bonus issue on December 18
Adani Green Energy received closure in an insider trading probe
Lemon Tree Hotels signed a franchise agreement and launched new properties
Excel Soft reported higher profit and revenue on a year-on-year basis
GK Energy saw its credit ratings upgraded by Infomerics
Suzlon Energy got unsecured creditors’ approval for a scheme of arrangement
Astra Microwave Products received an order from Astra Rafael Comsys
KEC International secured new orders worth ₹1,150 crore
Godawari Power & Ispat increased BESS project capacity to 40 GWh
Eternal-backed Shiprocket filed updated DRHP for a ₹2,342 crore IPO
PVR INOX expanded presence in Hyderabad with an 11-screen superplex
SAIL reported 14% sales growth during April–November 2025
WPIL Limited announced a major overseas contract worth about ₹630 crore
Biocon Biologics signed a global settlement and license agreement
Colab Platforms launched an AI-focused subsidiary
United Drilling Tools secured an export order from Nigeria
Ashoka Buildcon JV received a ₹1,041 crore BMC work order
Kaynes Technology saw a bulk share purchase by Smallcap World Fund
Paytm infused ₹2,250 crore into Paytm Payments Services
Utkarsh Small Finance Bank appointed Suchita Chatterjee as permanent head
Atul Ltd acquired a 26.30% stake in TUPL
AKME Solar group entity approved NCD issuance up to ₹200 crore
Coal India disclosed an increase in LIC’s shareholding
IRB Infrastructure subsidiary signed a TOT-17 concession agreement
Swiggy raised ₹10,000 crore via QIP
Tata Motors disclosed a preliminary evaluation by US regulator on JLR vehicles
Voltas received a GST tax demand and penalty
Dr Reddy’s Laboratories received a Form 483 after US FDA inspection

KEC International shares fall sharply over 6% following PGCIL tender exclusion

Aman Shukla — Wed, 19 Nov 2025 03:45:05 +0000

KEC International witnessed a sharp decline of more than 6% in its share price after Power Grid Corporation of India Limited (PGCIL) informed the company that it has been barred from participating in upcoming tenders and receiving new contract awards for a period of nine months, effective November 18, 2025. The restriction, however, does not impact any of KEC’s ongoing projects currently under execution for PGCIL.

The decision relates to an alleged transgression of contractual provisions connected to a matter previously disclosed by KEC to the stock exchanges on March 24, 2025. In response, the company stated that it is assessing all available options, including pursuing legal remedies and formally approaching PGCIL for a reconsideration of the order.

KEC International expressed confidence that the development will not have a material impact on its operational or financial performance, citing a robust order book and a healthy pipeline of tenders across multiple markets. The company reaffirmed its commitment to maintaining strong corporate governance practices, ethical standards, and full compliance with applicable regulations.

KEC International secures Rs 1,016 crore worth of new orders across key business segments

Aman Shukla — Mon, 17 Nov 2025 07:55:24 +0000

KEC International Ltd., part of the RPG Group, has announced new order wins worth ₹1,016 crore across its civil, oil & gas pipelines, transmission and distribution (T&D), and cables and conductors businesses.

In the civil segment, the company received two projects from existing clients. One involves a luxury villa development in Western India, and the other is an upstream project at a steel plant in Eastern India.

The oil and gas pipelines business has secured its first Middle East order, marking the division’s entry into the region.

KEC’s T&D business continues to add new and extension orders. These include supply contracts for towers, hardware, and poles in the Middle East and the Americas, along with a 400 kV transmission line project in the UAE.

The cables and conductors division has received multiple orders for the supply of cables and conductors to customers in India and overseas.

According to Managing Director and CEO Vimal Kejriwal, the company’s year-to-date order intake has now crossed ₹17,000 crore, reflecting around 17 percent growth over the previous year.

KEC International shares jump over 3% after Motilal Oswal upgrades stock to ‘Buy’ with target price of Rs 920

Aman Shukla — Wed, 12 Nov 2025 04:46:14 +0000

KEC International shares gained over 3% in Wednesday’s trade after Motilal Oswal upgraded the stock to ‘Buy’ from ‘Neutral’, setting a target price of ₹920 per share.

The upgrade came after the company’s strong Q2FY26 performance, supported by steady growth in its transmission and distribution (T&D) segment and improving outlook for non-T&D businesses like civil and railways.

In the September quarter, KEC’s revenue rose 19% year-on-year, while EBITDA jumped 34%, leading to an 80-basis-point expansion in margins to 7.1%. Net profit surged 88% YoY, although it came in slightly below expectations due to higher interest costs.

Order inflows were another highlight, up 81% YoY to ₹10,500 crore, taking the company’s total order book to ₹39,300 crore — a 15% increase from last year.

Motilal Oswal noted that the T&D segment continues to be KEC’s key growth engine, backed by strong domestic and international demand. The brokerage also expects non-T&D verticals to pick up meaningfully in the second half of FY26 as older, low-margin projects near completion, helping margins improve further.

Although Motilal Oswal trimmed its FY26–28 earnings estimates by 5–11% due to higher debt and working capital requirements, it still expects solid growth ahead — projecting revenue, EBITDA, and PAT to grow at a 17%, 23%, and 33% CAGR, respectively, over FY25–28.

By FY28, the brokerage expects KEC’s return on equity (RoE) and return on capital employed (RoCE) to touch 18% and 16%. At 19x/15x FY27/28 estimated earnings, Motilal Oswal believes the stock offers an attractive entry point post recent corrections, calling KEC a strong play on the revival in private and global T&D capex.

Top Q2 results today, November 10: Vodafone Idea, HUDCO, ONGC, Bajaj Finance, KEC International and more to announce earnings

Aman Shukla — Mon, 10 Nov 2025 03:19:55 +0000

The Indian stock market is bracing for a busy session on Monday, November 10, 2025, as more than 250 companies are scheduled to announce their financial results for the July–September 2025 quarter (Q2FY26). These earnings reports are expected to give investors and analysts deeper insights into how companies performed amid ongoing market volatility.

Among the most anticipated announcements are those from several major players across sectors such as finance, energy, consumer goods, infrastructure, and technology.

Key Companies Announcing Q2FY26 Results Today:
Ather Energy Ltd., Bajaj Consumer Care Ltd., Bajaj Finance Ltd., Chemkart India Ltd., CIAN Agro Industries & Infrastructure Ltd., Gopal Snacks Ltd., Graphite India Ltd., Gujarat Gas Ltd., Emami Ltd., HEG Ltd., Hindustan Media Ventures Ltd., Housing & Urban Development Corporation Ltd. (HUDCO), Vodafone Idea Ltd., Jindal Stainless Ltd., Juniper Hotels Ltd., Kalpataru Ltd., KEC International Ltd., V-Mart Retail Ltd., WeWork India Management Ltd., KPIT Technologies Ltd., C.E. Info Systems Ltd., and Oil and Natural Gas Corporation Ltd. (ONGC).

Additionally, several mid- and small-cap companies are also set to declare their quarterly numbers, including Venus Pipes & Tubes Ltd., Vikran Engineering Ltd., Sri Lotus Developers And Realty Ltd., Navneet Education Ltd., Reliance Power Ltd., RPSG Ventures Ltd., SJVN Ltd., and Sula Vineyards Ltd.

KEC International secures Rs 1,038 crore order for 380 kV GIS substation in Saudi Arabia

Aman Shukla — Wed, 15 Oct 2025 12:04:52 +0000

KEC International Ltd., a global leader in infrastructure EPC and part of the RPG Group, has announced a significant new order worth Rs 1,038 crore for the design, supply, and installation of a 380 kV GIS substation in Saudi Arabia.

Commenting on the achievement, Mr. Vimal Kejriwal, MD & CEO of KEC International, said, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date order intake has surpassed Rs 16,000 crore, representing a healthy growth of approximately 20%.”

This order further reinforces KEC International’s strong foothold in the Middle East and highlights the company’s growing expertise in delivering large-scale power transmission and distribution projects globally.

KEC International secures transmission line order worth Rs 1,064 crore in Saudi Arabia

Aman Shukla — Tue, 14 Oct 2025 06:48:17 +0000

KEC International Ltd., a leading global infrastructure EPC company and part of the RPG Group, has won a significant order worth Rs 1,064 crore for the design, supply, and installation of a 380 kV transmission line in Saudi Arabia.

Commenting on the development, Mr. Vimal Kejriwal, MD & CEO of KEC International, said, “We are pleased with the continuous inflow of orders, especially in our T&D business. The consecutive wins in Saudi Arabia, along with earlier order wins in the Middle East, have substantially bolstered our international T&D order book. The Middle East region continues to be a strategic growth driver for us, as reflected in this order and the strong momentum built earlier this year.”

With this latest win, KEC International’s year-to-date (YTD) order intake has surpassed Rs 15,000 crore, highlighting the company’s strong performance in the global transmission and distribution (T&D) sector. The order reinforces KEC’s position as a key player in international infrastructure projects, particularly in strategic growth markets like the Middle East.

Top stocks to watch today, October 14: HCLTech, Oil India, Anand Rathi, Just Dial, KEC International and more

Aman Shukla — Tue, 14 Oct 2025 02:49:02 +0000

Indian markets are expected to see active stock-specific movement today, driven by key corporate updates and macro data. Here’s a detailed look at the top stocks likely to remain in focus today.

Top Stocks to Watch Today

HCLTech: Q2 results came in above estimates. Deal wins rose 42% sequentially, and advanced AI revenue crossed $100 million.

Banks & NBFCs: September CPI fell to an 8-year low, increasing expectations of a potential rate cut.

Oil India: Signed an agreement to supply 1.4 mmscmd of gas to NEEPCO’s Assam power station for 15 years. Also announced the mechanical completion of the Numaligarh–Siliguri pipeline project.

Lodha: Acquired 100% stake in Chaitanya Bilva for ₹499.61 crore.

Anand Rathi Wealth: Q2 results in line with company guidance; EBITDA up 8% quarter-on-quarter.

Landmark Cars: Q2 business update showed 31% year-on-year revenue growth.

KEC International: Received new Transmission & Distribution orders worth ₹1,174 crore in India and West Asia.

LT Foods: To acquire stakes in Global Green International entities for €6 million, with additional earnouts of €1.8 million.

Lloyds Engineering: Signed MoU with FlyFocus to expand partnership for FPV drone systems.

AB Realty: Sold its stake in an unviable joint venture to RSWM for ₹54 crore.

Uniparts India: Announced a special interim dividend of ₹22.50 per share.

JTL Industries: Received NCLT approval for the acquisition of RCI Industries.

ONGC: Targeting a 15% reduction in operating and capital expenses over 18 months following the drop in crude prices.

Just Dial: Reported a 22.5% quarter-on-quarter decline in net profit; revenue growth has remained in single digits for five consecutive quarters.

KEC International bags new orders worth Rs 1,174 crore in India and Middle East

Aman Shukla — Mon, 13 Oct 2025 14:31:18 +0000

KEC International Ltd., a global leader in infrastructure EPC and part of the RPG Group, has announced new Transmission & Distribution (T&D) project orders worth Rs. 1,174 crore across India and the Middle East.

The new orders include:

±800 kV HVDC and 765 kV Transmission Lines from a reputed private developer in India.
380 kV Transmission Lines in Saudi Arabia, strengthening KEC’s presence in the Middle East.

Vimal Kejriwal, MD & CEO of KEC International Ltd., stated: “We are delighted with the continuous success of our T&D business, reflected in a series of significant order wins. The prestigious HVDC transmission line order has significantly increased the share of orders from private developers in our India T&D order intake for the year. The large order in Saudi Arabia has further solidified our leadership in the Middle East T&D market. With these orders, our YTD order intake stands at approximately Rs. 14,000 crore. These projects will play a pivotal role in driving our targeted growth going forward.”

With these strategic wins, KEC International reinforces its leadership in high-voltage transmission solutions, catering to both domestic and international markets.

KEC International secures Rs 1,102 crore orders across civil, transportation, T&D and cables segments

Aman Shukla — Mon, 06 Oct 2025 07:18:25 +0000

KEC International Ltd., a leading global infrastructure EPC company and part of the RPG Group, has announced the acquisition of new orders worth Rs. 1,102 crores, strengthening its position across multiple business verticals.

Civil Engineering Excellence
KEC’s civil business has won a prestigious contract for civil and structural works of a 150 MW thermal power plant from a leading private player in India. This project reinforces KEC’s expertise in delivering large-scale, high-value infrastructure solutions.

Advancing Transportation with TCAS Orders
In the transportation sector, KEC has secured orders under India’s Train Collision Avoidance System (TCAS) ‘Kavach’, a cutting-edge safety initiative. This demonstrates the company’s commitment to innovative and life-saving transport solutions.

Transmission & Distribution Expansion
KEC’s Transmission & Distribution (T&D) business has received orders for the supply of towers, hardware, and poles in key international markets, including the Americas and the Middle East. This reflects the company’s growing global footprint and trusted capabilities in T&D infrastructure.

Cables & Conductors Supply Boost
The company’s Cables & Conductors segment has secured multiple orders for the supply of various types of cables and conductors, both in India and overseas, showcasing its leadership in energy and power connectivity solutions.

KEC International shares rally over 7% after securing Rs 3,243 crore T&D orders

Aman Shukla — Tue, 23 Sep 2025 03:45:07 +0000

KEC International Ltd. shares jumped more than 2% in Tuesday’s trade after the infrastructure engineering giant announced fresh orders worth ₹3,243 crore in its Transmission & Distribution (T&D) business. As of 9:19 AM, the shares were trading 7% higher at Rs 926.75.

The new orders include:

400 kV Transmission lines in the United Arab Emirates (UAE)
Supply of towers, hardware and poles in the Americas

Commenting on the development, Vimal Kejriwal, MD & CEO of KEC International, said, “We are delighted with the new order wins in our T&D business, especially our largest ever EPC order till date. This order has further strengthened our presence in the Middle East and substantially expanded our international T&D order book. The Middle East continues to be a strategic growth driver for us, as reflected in this order and those secured earlier this year. With these wins, our year-to-date order intake has reached ~₹11,700 crore, which will play a key role in driving our growth plans going forward.”

Top stocks to watch today, September 23: Maruti Suzuki, Hyundai Motor, RVNL, KEC International and more

Aman Shukla — Tue, 23 Sep 2025 02:50:34 +0000

Indian equity markets are expected to remain stock-specific today, September 23, as several companies announced key business updates and sectoral triggers. Here are the top stocks to watch:

Stocks to Watch Today, September 23

Maruti Suzuki: The carmaker delivered 25,000 vehicles on the first day of Navratri, recording one of its strongest festive season starts.

Hyundai Motor India: The company reported 11,000 billings on the first day of Navratri, its highest single-day booking figure in five years.

Alkem Laboratories: The drugmaker announced the launch of a pertuzumab biosimilar for the treatment of HER2-positive breast cancer in India.

Gold Financing Firms: Shares of gold financiers may stay active as international gold prices extended gains, crossing $3,750 per ounce to hit record levels.

Defence Stocks: Defence-related counters could see momentum after the Defence Secretary highlighted a major capital expenditure push, including a ₹30,000 crore drone procurement plan.

Birla Corporation: The company has been declared the preferred bidder for the Guda-Rampur limestone and manganese block in Telangana.

JK Lakshmi Cement: The firm commissioned a 1.35 million tonne grinding unit at Surat, taking its total cement capacity to 18 million tonnes.

Suraj Estate Developers: The realty company launched its ‘Suraj Park View 1’ residential project at Shivaji Park, Dadar, with a gross development value (GDV) of ₹250 crore.

Brigade Enterprises: The developer signed a residential project in South Bengaluru, with a GDV estimated at ₹1,200 crore.

Rail Vikas Nigam Ltd (RVNL): The PSU commissioned traction substations for a new electric rail line worth ₹145 crore.

KEC International: The infrastructure firm secured new orders worth ₹3,243 crore in the international transmission and distribution (T&D) business.

Shilpa Medicare: The pharma company received approval from the European regulator for its rivaroxaban product, used to prevent blood clotting.

JBM Auto: The company partnered with UAE-based Al Habtoor Motors, which will act as the exclusive importer of JBM’s electric buses in the region.

KEC International secures Rs 1,509 crore worth orders across various businesses

Aman Shukla — Wed, 30 Jul 2025 05:05:35 +0000

KEC International Ltd., a leading global infrastructure EPC player and part of the RPG Group, has bagged new orders worth ₹1,509 crore across its Transmission & Distribution (T&D), Transportation, and Cables & Conductors businesses.

In the T&D segment, the company has won major domestic and international projects. These include 400 kV Quad Transmission lines in India and 500/400/220 kV Overhead Transmission lines overseas, along with tower, hardware, and pole supply orders from the Americas and the Middle East.

Its Transportation division, through a joint venture, secured a notable order under the Train Collision Avoidance System (TCAS) segment—part of the Indian Railways’ Kavach initiative to enhance rail safety through advanced technology.

KEC’s Cables & Conductors business also added fresh orders for various types of cables and conductors, both from India and international markets.

Commenting on the development, Vimal Kejriwal, MD & CEO, said, “These order wins across diverse business verticals, including a significant repeat order in India and a large international T&D project, reflect our growing global footprint. Our transportation vertical has further cemented its position in the safety-critical TCAS domain.”

With the latest wins, KEC’s year-to-date (YTD) order intake has crossed ₹7,000 crore, strengthening its project pipeline and reinforcing its leadership in the global infrastructure space.

KEC International shares surge 4% after securing civil projects worth Rs 1,236 crore

Aman Shukla — Wed, 25 Jun 2025 03:49:56 +0000

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.

KEC International secures Rs 1,236 crore orders for civil projects

Aman Shukla — Wed, 25 Jun 2025 03:09:43 +0000

KEC International Ltd., a global infrastructure EPC player under the RPG Group, has bagged fresh orders worth Rs 1,236 crore for civil construction projects in India. The orders are for high-rise residential developments in Western India from leading real estate developers.

The projects cover over 50 lakh square feet of residential space, including associated infrastructure, and mark a significant push into the premium housing segment.

Mr. Vimal Kejriwal, MD & CEO of KEC International, expressed his enthusiasm, stating, “We’re delighted to secure premium civil orders, including our largest ever in the Buildings & Factories segment. These wins mark a key milestone in our entry into the high-rise residential sector, with buildings going up to G+70 storeys.”

He added that the new projects have notably strengthened KEC’s civil order book and broadened its client base with two prestigious additions.

With this, KEC is now engaged in constructing over 70 high-rise buildings across India for marquee clients. The company’s year-to-date (YTD) order intake has crossed Rs 5,500 crore, reflecting a robust 35% growth compared to the same period last year.

KEC International secures Rs 2,211 crore orders across various businesses

Aman Shukla — Wed, 04 Jun 2025 09:24:10 +0000

KEC International Ltd., a leading global infrastructure EPC company and part of the RPG Group, has announced fresh order wins worth ₹2,211 crore across its Transmission & Distribution (T&D), Oil & Gas Pipelines, and Cables businesses.

The company’s T&D division has bagged significant international projects, including the design, supply, and installation of 380 kV overhead transmission lines in Saudi Arabia, alongside tower, hardware, and pole supply contracts in the Americas.

In the Oil & Gas Pipelines segment, KEC has secured its second international order for terminal station works in Africa, complementing its ongoing pipeline projects in the region. The Cables division has also received orders for the supply of various types of cables both domestically and internationally.

Vimal Kejriwal, MD & CEO, KEC International Ltd. stated, “We are delighted by the order wins secured across businesses, especially on the international front. The large order wins in Saudi Arabia have further strengthened our international T&D order book. These wins reaffirm the MENA region’s strategic importance as a key growth driver for us. Our subsidiary, SAE Towers has secured a significant tower supply order in Mexico, reflecting an uptick in the North American T&D market. With these orders, our YTD order intake stands at over Rs. 4,200 crores, a robust growth of ~40% vis-à-vis last year.”

KEC International shares jump 4% as Q4 revenue rises 11.5% YoY to Rs 6,872 crore

Aman Shukla — Tue, 27 May 2025 03:51:16 +0000

KEC International shares rose over 4% in early trading following the announcement of its Q4 FY25 results. As of 9:18 AM, the shares were trading 4.48% higher at Rs 900.00.

The company reported a consolidated revenue of ₹6,872 crore for the quarter, marking an 11.5% increase compared to ₹6,165 crore in the same period last year.

Earnings before interest, tax, depreciation, and amortization (EBITDA) stood at ₹538.8 crore, reflecting a 38.9% rise from ₹388 crore a year ago. The company’s EBITDA margin improved to 7.8% from 6.3% year-on-year, indicating better operational efficiency during the quarter.

KEC International also posted a consolidated net profit of ₹268.2 crore for Q4 FY25, a 76.8% increase from ₹151.7 crore in the corresponding quarter of the previous fiscal year.

As of the time of writing, KEC International shares opened at ₹890.00, reaching a high of ₹914.95 and a low of ₹886.00 during the day’s trade. The stock is currently trading well below its 52-week high of ₹1,313.25 but remains above its 52-week low of ₹627.45.

Top stocks to watch today, May 27: Lupin, Aurobindo Pharma, NHPC, KEC International, Shilpa Medicare and more

Aman Shukla — Tue, 27 May 2025 03:21:42 +0000

Indian benchmark indices ended higher on Monday, May 26, 2025, supported by positive domestic and global cues. The BSE Sensex gained 455.37 points (0.56%) to close at 82,176.45, while the NSE Nifty50 rose 148 points (0.60%) to settle at 25,001.15.

Today, several stocks are expected to be in focus. Here’s a list of key movers and developments:

Stocks in Focus for May 27, 2025

Lupin: Phase 1a trial results for LNP7457 indicate it is generally safe and well tolerated in patients.
Aurobindo Pharma: U.S. sales surpassed expectations; EBITDA up 7% year-on-year (YoY).
PG Electroplast: Promoter plans to sell up to 5.62% stake via block deals; floor price set at ₹740 per share.
Schneider Electric: Reports strongest YoY revenue growth since Q3FY24.
Shilpa Medicare: Formulations business revenue up 37%; consolidated revenue rose 13% YoY.
Bayer CropScience: EBITDA increased 75.4%; margins expanded to 16.3% from 12.3% YoY.
Maharashtra Seamless: Margins at 20.04% vs 19.87% QoQ; revenue up 17% YoY.
Fertilisers and Chemicals Travancore (FACT): Margin improved to 8.05% from 3.33% YoY; posted net profit compared to a loss last year.
India Pesticides: Revenue jumped 64% YoY; margins increased to 15.95% from 2.99%.
Derivatives Segment Additions: Effective June 27, 2025, the following will be added to F&O:
- 360 One
- Amber Enterprises
- Kfin Technologies
- PG Electroplast
InterGlobe Aviation (IndiGo): Sources indicate Rakesh Gangwal to sell up to 3.4% equity via block deal; floor price at 4.5% discount to CMP.
NHPC: Completion timeline for Subansiri’s 3×250 MW units pushed to June from May.
KEC International: Misses revised FY25 guidance.
Blue Dart: EBITDA declined 5.7%; margin at 15.04% vs 17.09% YoY.
Sagility: Promoter to offload up to 15.02% stake via OFS; floor price at 12.80% discount to CMP.
Brainbees (FirstCry): EBITDA down 52%; margin dropped to 0.80% from 2% YoY.
Olectra Greentech: Maharashtra Transport Minister flagged delays in delivery of 5,150 leased electric buses.
PTC India: EBITDA declined 16.6%; margin down to 6.98% from 7.16% YoY.
Sumitomo Chemical: EBITDA fell 14.8%; margin at 17.57% vs 20.80% YoY.
Bajaj Healthcare: EBITDA dropped 26.3%; margin narrowed to 7.64% from 11.95% YoY.
Snowman Logistics: EBITDA declined 10%; margin contracted to 17.77% from 21.37% YoY.
Venus Pipes: EBITDA down 8%; margin decreased to 16.09% from 20.06% YoY.
Capacite Infraprojects: EBITDA down 22.80%; margin at 12.77% vs 18.53% YoY.

KEC International shares surge 4% on Rs 1,133 crore T&D order win

Aman Shukla — Mon, 19 May 2025 04:09:45 +0000

KEC International Ltd. saw its shares rise by 4% after announcing new Transmission & Distribution (T&D) orders worth ₹1,133 crores in India. As of 9:39 AM, the shares were trading 1.92% higher at Rs 815.95.

The contracts were secured from the Power Grid Corporation of India Limited (PGCIL) and a reputed private developer.

The order from PGCIL includes the construction of a ±800 kV HVDC transmission line and a 765 kV GIS substation, while the private sector contract involves a 400 kV Quad transmission line.

Mr. Vimal Kejriwal, MD & CEO of KEC International, stated, “We are delighted with the multiple orders secured by our T&D business. These prestigious orders have substantially strengthened our India T&D order book. The HVDC project win further builds on last year’s successes, and we continue to see strong growth potential in the sector.”

He emphasized the growing demand for power infrastructure in India, driven by rapid energy needs and government focus on renewable energy and robust transmission systems.

KEC International: Business Model, Earnings, Promoter Details and Shareholding Pattern

Aman Shukla — Sun, 06 Apr 2025 10:48:06 +0000

KEC International Limited, an Indian multinational headquartered in Mumbai, operates as a key player in the engineering, procurement, and construction (EPC) sector, with a focus on power transmission and distribution infrastructure. As of April 6, 2025, the company, part of the RPG Group, continues to navigate a competitive landscape marked by government-driven projects, global expansion, and operational challenges. This article provides a detailed, objective analysis of KEC International’s business model, its financial performance for Q3 FY25 (October-December 2024), and available information on its promoters and shareholding pattern.

KEC International’s Business Model

KEC International’s business model centers on delivering end-to-end EPC solutions, primarily in the power transmission and distribution (T&D) sector, while diversifying into railways, civil infrastructure, and renewable energy projects. Established in 1945 and acquired by the RPG Group in 1982, the company has grown into one of India’s largest T&D EPC firms, with a global presence across 30+ countries. Its operations are structured across several business verticals:

1. Power Transmission and Distribution (T&D)

The T&D segment forms the backbone of KEC’s revenue, accounting for roughly 70-75% of its order book historically. The company designs, constructs, and commissions high-voltage transmission lines, substations, and distribution networks. It caters to both domestic utilities (e.g., Power Grid Corporation of India) and international clients in regions like Africa, the Middle East, and South Asia. Revenue here is project-based, tied to long-term contracts that provide stability but expose the company to execution risks, such as delays or cost overruns.

2. Railways

KEC has expanded into railway infrastructure, including electrification, signaling, and track-laying projects. This segment leverages India’s push for rail modernization, with orders from Indian Railways and metro authorities. While smaller than T&D, it offers growth potential amid rising public infrastructure spending.

3. Civil Infrastructure

The civil business focuses on industrial projects, water infrastructure, and urban development, such as warehouses and residential complexes. This diversification reduces reliance on T&D and taps into India’s urbanization trends, though it remains a minor contributor to overall revenue.

4. Renewables and Cables

KEC undertakes solar EPC projects and manufactures power cables and optical fiber cables. The renewable segment aligns with global energy transitions, but its scale remains limited compared to T&D. The cables business supports internal projects and external sales, adding a manufacturing revenue stream.

Revenue Model and Operations

KEC’s revenue is driven by a mix of fixed-price and cost-plus contracts, with an order book exceeding ₹30,000 crore as of early 2025. The company operates 10 manufacturing facilities globally, producing towers, cables, and hardware, which supports vertical integration and cost control. However, it faces risks from raw material price volatility (e.g., steel, aluminum), supply chain disruptions, and dependence on government tenders, which can delay payments.

Global Footprint

With 60% of its order book from international markets, KEC balances domestic and overseas exposure. Key regions include the Middle East, Africa, and Latin America, where it competes with global giants like Siemens and Larsen & Toubro. This diversification mitigates India-specific risks but introduces currency and geopolitical challenges.

Challenges and Risks

KEC’s model is capital-intensive, requiring significant working capital to fund project execution. Delays in project approvals or payments—common in government contracts—can strain liquidity. Competition from domestic and international players, coupled with rising input costs, also pressures margins.

Q3 FY25 Earnings: Financial Performance Analysis

KEC International released its Q3 FY25 results (October-December 2024) in early February 2025, reflecting a period of mixed performance amid operational challenges and order execution momentum. Below is a detailed breakdown based on available data:

Revenue

Reported: ₹5,121 crore, up 8% year-on-year (YoY) from ₹4,738 crore in Q3 FY24.
Analysis: Growth was driven by strong execution in the T&D and railway segments, with international orders contributing significantly. However, sequential growth from Q2 FY25 (₹5,006 crore) was modest at 2.3%, suggesting a plateau in momentum.

Net Profit

Reported: ₹65.7 crore (estimated, per analyst consensus like ICICI Securities), up marginally by 1% YoY from ₹65 crore in Q3 FY24.
Analysis: Profit growth lagged revenue due to higher raw material costs and interest expenses. The company’s net profit margin remained thin at ~1.3%, highlighting cost pressures and a high debt burden.

EBITDA

Reported: ₹412 crore (approximated), up 5% YoY from ₹392 crore in Q3 FY24.
Margin: ~8%, down slightly from 8.3% in Q3 FY24, reflecting increased subcontracting and logistics costs. Management has targeted a 10% margin for FY25, but Q3 fell short.

Order Book and Inflows

Order Book: ₹32,000 crore as of December 31, 2024, bolstered by ₹7,000 crore in new orders during Q3, including T&D projects in Saudi Arabia and India’s railway electrification contracts.
Outlook: The robust pipeline supports FY25 revenue guidance of ₹20,000 crore (15-20% growth over FY24’s ₹17,360 crore), though execution timelines remain critical.

Debt and Liquidity

Net Debt: ₹3,500 crore (approximated), down slightly from ₹3,700 crore in Q2 FY25, as cash flows improved.
Interest Costs: ₹150 crore in Q3, up 10% YoY, reflecting a high debt-to-equity ratio (~1.2x). Debt reduction remains a priority, with management aiming to lower it by ₹500 crore in FY25.

Segment Performance

T&D: Revenue grew 10% YoY, driven by international projects.
Railways: Up 15% YoY, benefiting from India’s infra push.
Civil: Flat growth, with delays in industrial projects.
Cables: Steady at 5-7% of revenue, supporting T&D internally.

Promoter Details

KEC International is part of the RPG Group, a conglomerate founded by Rama Prasad Goenka in 1979. The promoter group is led by Harsh Vardhan Goenka, Chairman of RPG Enterprises, who oversees strategic direction. Specific individual promoter details beyond this are limited in public records as of April 6, 2025.

Key Figure: Harsh Vardhan Goenka, born in 1957, is a second-generation industrialist with a background in economics from St. Xavier’s College, Kolkata, and an MBA from IMD, Switzerland. He assumed leadership of RPG Enterprises after his father’s death in 1987 and has guided KEC’s transformation into a global EPC player.
RPG Enterprises: The promoter entity holds KEC through subsidiaries like Summit Securities Ltd. and Swallow Associates LLP. The group’s diverse portfolio includes CEAT Tyres and Zensar Technologies, reflecting a broad industrial focus.
Background: The Goenka family acquired KEC in 1982 from its original founders, the Kilachand family, repositioning it as a T&D specialist. Harsh Goenka’s tenure has emphasized international expansion and operational scale.

Public disclosures do not detail personal stakes of individual family members, with ownership consolidated under RPG Group entities.

Shareholding Pattern

As of December 31, 2024, KEC International’s shareholding pattern reflects a balanced ownership structure, per data from sources like The Economic Times and Moneycontrol:

Promoter Holding: 50.10%, unchanged from September 2024, held by RPG Group entities. No promoter shares are pledged, signaling financial discipline.
Foreign Institutional Investors (FIIs): 12.45%, down from 13.10% in September 2024, indicating minor foreign divestment amid global trade uncertainties.
Domestic Institutional Investors (DIIs): 15.20%, up from 14.80%, with mutual funds holding ~9%. This reflects growing domestic confidence.
Public/Retail Investors: 22.25%, up slightly from 21.90%, showing steady retail participation in this mid-cap stock (market cap ~₹25,000 crore as of March 2025).

Disclaimer: This article on KEC International’s business model, Q3 FY25 earnings, promoter details, and shareholding pattern is based on publicly available information as of April 6, 2025. It is for informational purposes only and not financial or investment advice. While accurate to the best of our knowledge, the data may not be complete or current, and readers should verify details with official sources before making decisions. The author is not liable for any losses or consequences from using this information.

KEC International secures new orders worth Rs 1,236 crore across T&D, civil, transportation, and cable segments

Aditya Bhagchandani — Tue, 01 Apr 2025 06:49:14 +0000

KEC International Ltd., a key player in the global infrastructure EPC space and an RPG Group company, has announced the receipt of new orders worth Rs 1,236 crore across multiple business verticals.

In its Transmission & Distribution (T&D) segment, the company has secured new orders for transmission lines and substations in both India and the Middle East, including contracts in UAE and Kuwait. This also includes a substation order from a private TBCB player in India, marking continued momentum in core infrastructure projects.

The Civil division has won a significant order for a residential project from a leading real estate developer in Western India, reflecting KEC’s growing presence in the construction space.

The Transportation segment has received a prestigious order for Train Collision Avoidance System (TCAS), also known as Kavach, a safety initiative by Indian Railways.

In the Cables business, the company has bagged orders for the supply of various types of cables for both domestic and international markets.

Managing Director and CEO, Mr. Vimal Kejriwal, expressed optimism stating that the new substation orders in India and the UAE have significantly expanded the company’s footprint in the Middle East market. He also highlighted the expansion of the civil business’ client base and shared that the total order intake for FY25 has reached a record Rs 24,600 crore, reflecting a 36% year-on-year growth.

KEC International shares surge 4.6% after securing Rs 1,267 crore orders

Aman Shukla — Mon, 17 Mar 2025 04:00:03 +0000

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.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

KEC International bags Rs 1,267 crore orders across various businesses

Aman Shukla — Sat, 15 Mar 2025 10:22:03 +0000

KEC International Ltd., one of the leading global infrastructure EPC companies and part of the RPG Group, has secured new orders worth ₹1,267 crores across its Transmission & Distribution (T&D) and Cables businesses.

Key Orders Secured:

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 in the Americas.

Cables:

Orders for various types of cables and conductors in India and international markets.

Vimal Kejriwal, MD & CEO of KEC International Ltd., highlighted the significance of these orders, especially in green energy evacuation. The contracts from PGCIL reinforce KEC’s strong position in India’s T&D sector.

With these latest contracts, KEC’s year-to-date (YTD) order intake surpasses ₹23,300 crores, marking a 35% growth compared to last year. The company remains optimistic about India’s T&D market, driven by increasing energy demand and the government’s strong push for renewable power and transmission infrastructure.

In the meantime, KEC International shares closed at ₹675.00 on Thursday, down from the opening price of ₹700.00. The stock hit a high of ₹706.55 and a low of ₹665.00 during the day. Currently, the 52-week high stands at ₹1,313.25, while the 52-week low is ₹648.60.

KEC International shares drop nearly 4% as revenue growth trails FY25 guidance

Aditya Bhagchandani — Tue, 04 Feb 2025 04:39:50 +0000

KEC International Ltd.’s shares fell nearly 4% to ₹767.90 during Tuesday’s trading session after the company reported weaker-than-expected results for the third quarter of FY25. The company’s 9MFY25 revenue growth came in at 9%, trailing its FY25 guidance of 15%, raising concerns over future growth prospects.

Key Financial Highlights:

Q3 Net Profit: ₹130 crore, up 34% YoY but below the ₹162-crore analyst estimate.
Revenue: ₹5,349 crore, marking a 6.8% YoY increase, but missing the projected ₹5,615 crore.
EBITDA: ₹374.5 crore, up 22% YoY, with margins expanding to 7% from 6.1% YoY.
9MFY25 Revenue Growth: 9%, compared to the company’s full-year target of 15%.

Despite the revenue miss, CEO Vimal Kejriwal remains optimistic, citing a strong order book of ₹41,000 crore and improved execution visibility. However, the company faces headwinds from manpower shortages, geopolitical uncertainties, and increased competition in key segments.

KEC International highlighted several growth tailwinds, including robust government infrastructure investments and momentum in transmission and distribution projects.

KEC International Q3 FY25 Results: Revenue jumps 6.8% YoY to Rs 5,349.38 crore, Net Profit up 32.4% YoY

Aditya Bhagchandani — Mon, 03 Feb 2025 15:26:01 +0000

KEC International Limited reported its financial performance for the third quarter ending December 31, 2024, showcasing robust growth in both revenue and profit. The company’s revenue from operations rose 6.8% YoY to Rs 5,349.38 crore compared to Rs 5,006.72 crore in Q3 FY24.

The company’s net profit for the period saw a significant rise of 32.4% YoY to Rs 129.56 crore, as against Rs 97.92 crore in the same quarter last year, driven by improved operational efficiency and cost controls.

Key Financial Highlights:

Revenue from operations: Rs 5,349.38 crore, up 6.8% YoY (Q3 FY24: Rs 5,006.72 crore)
Total income: Rs 5,350.29 crore, up 6.3% YoY (Q3 FY24: Rs 5,032.70 crore)
Net profit: Rs 129.56 crore, up 32.4% YoY (Q3 FY24: Rs 97.92 crore)

Operational Highlights:

The rise in profitability was supported by lower cost increases relative to revenue growth. Erection and sub-contracting expenses remained significant, while employee expenses were well-managed. The company also saw a reduction in finance costs due to strategic debt management.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your research or consult a financial advisor before making investment decisions. The author or Business Upturn is not liable for any losses arising from the use of this information.

KEC shares drop nearly 5% despite securing new orders worth Rs 1,445 crore

Aditya Bhagchandani — Mon, 27 Jan 2025 04:39:01 +0000

Shares of KEC International Ltd fell nearly 5% to ₹794.40 in early trading on January 27, 2025, even as the company announced new orders worth ₹1,445 crore. The orders were secured for ±800 kV HVDC and 400 kV transmission line projects in India, with Power Grid Corporation of India Limited (PGCIL) being a key client.

The company has also scheduled its board meeting for February 3, 2025, to review and approve its unaudited standalone and consolidated financial results for Q3 FY25 and the nine-month period ended December 31, 2024.

Recent Order Wins:

January 2025: Orders worth ₹1,136 crore across various businesses.
December 2024: Orders worth ₹1,073 crore across its segments.

Stock Details:

Current Price: ₹794.40 (down 4.74%)
Previous Close: ₹833.90
Day Range: ₹786.40 – ₹841.90
52-Week High: ₹1,312 (December 4, 2024)
52-Week Low: ₹615.15 (January 29, 2024)
Market Cap: ₹21,201 crore
P/E Ratio (TTM): 48.58
Dividend Yield: 0.50%
Average Volume: 824,200 shares

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.

KEC International shares surge 3% on Rs 1,136 crore new order wins

Aman Shukla — Wed, 08 Jan 2025 03:54:12 +0000

KEC International shares climbed 3% after securing new orders worth ₹1,136 crore across key business segments.

The shares opened at ₹1,150.00 today, reaching a high of ₹1,170.00 and a low of ₹1,145.00 during trading. The stock is performing near its 52-week high of ₹1,313.25, significantly above its 52-week low of ₹597.00.

Key Highlights of New Orders:

Transmission & Distribution (T&D): Awarded a 765 kV transmission line project by Power Grid Corporation of India Limited (PGCIL) to facilitate green energy evacuation.
Transportation: Secured a major contract under the ‘Kavach’ initiative for a Train Collision Avoidance System (TCAS), enhancing railway safety.
Oil & Gas Pipelines: Bagged its first composite order in the Oil & Gas sector from a leading PSU, encompassing design, supply, and construction.

KEC International secures new orders worth Rs 1,136 crore, including major project from Power Grid Corporation

Aditya Bhagchandani — Wed, 08 Jan 2025 02:34:43 +0000

KEC International Ltd., a global EPC (Engineering, Procurement, and Construction) major under the RPG Group, announced on January 8, 2025, that it has secured new orders worth ₹1,136 crore across various business segments.

Key Highlights:

Transmission & Distribution (T&D): A 765 kV Transmission Line project awarded by Power Grid Corporation of India Limited (PGCIL) for green energy evacuation.
Transportation: A significant contract in the Train Collision Avoidance System (TCAS) segment under the ‘Kavach’ initiative, aimed at enhancing railway safety.
Oil & Gas Pipelines: The company’s first composite order (design, supply, and build) in the Oil & Gas sector from a leading PSU in India.

CEO’s Remarks: Vimal Kejriwal, MD & CEO of KEC International, commented, “These new orders bolster our order book significantly, particularly in green energy and railway safety technologies. Our pipeline project marks a strategic expansion into composite infrastructure solutions.”

This latest addition raises KEC’s year-to-date (YTD) order intake to ₹20,600 crore, reflecting a robust 80% growth compared to the previous year.

KEC International secures Rs 1,097 crore orders in international T&D business

Aman Shukla — Fri, 03 Jan 2025 09:19:22 +0000

KEC International Ltd., a leading global infrastructure EPC company and part of the RPG Group, has recently informed exchanges that the company secured new orders worth ₹1,097 crores in its Transmission and Distribution (T&D) business.

Key project highlights include:

UAE: Construction of 400 kV transmission lines.
Americas: Supply of towers, hardware, and poles across the United States, Mexico, and Brazil.

KEC International is renowned for its expertise across diverse verticals, including Power Transmission & Distribution, Civil, Transportation, Urban Infrastructure, Renewables, Oil & Gas Pipelines, and Cables. The company is actively executing infrastructure projects in over 30 countries and has an established presence in 110+ countries through EPC services and supply of towers and cables.

As the flagship company of the RPG Group, KEC International continues to play a pivotal role in advancing global infrastructure, reaffirming its commitment to engineering excellence and innovation.

In the meantime, KEC International shares opened today at ₹1,212.00, hitting a high of ₹1,232.70 and a low of ₹1,206.50 today. The stock is steadily approaching its 52-week high of ₹1,313.25, showcasing impressive growth from its 52-week low of ₹589.05.

KEC International secures Rs 1,073 crore new orders across various businesses

Aman Shukla — Mon, 30 Dec 2024 09:24:51 +0000

KEC International Ltd., a leading global infrastructure EPC company and part of the RPG Group, has bagged new orders worth ₹1,073 crore across multiple sectors:

Transmission & Distribution (T&D): Orders for projects in the Middle East and SAARC regions.
Civil: Secured industrial segment orders in India.
Transportation: A joint venture order for designing, supplying, and constructing a passenger ropeway in Northeast India.
Cables: Orders for diverse cable supplies in domestic and international markets.

Managing Director & CEO, Mr. Vimal Kejriwal, expressed enthusiasm for the company’s growth, highlighting its first venture into the ropeway sector and robust expansion in T&D, both domestically and internationally.

KEC’s year-to-date (YTD) order intake has crossed ₹18,400 crore, marking a 60% growth compared to the previous year. With an order book and L1 pipeline exceeding ₹40,000 crore, the company is well-positioned for sustained growth in the upcoming quarters.

In the meantime, KEC International shares opened at ₹1,154.80, reaching a high of ₹1,214.25 and a low of ₹1,150.90 during the day. The stock is trading near its 52-week high of ₹1,313.25, reflecting strong performance.

KEC International announces Rs 125 crore investment in subsidiaries for strategic growth

Aditya Bhagchandani — Mon, 30 Dec 2024 05:26:18 +0000

KEC International Limited, a global infrastructure engineering, procurement, and construction (EPC) major, has announced plans to invest up to ₹125 crore in two of its subsidiaries—KEC Asian Cables Limited (KACL) and KEC Power India Private Limited (KEC Power). The move is aimed at strengthening the company’s position in the cables and power transmission sectors.

Key Details of the Investment:

KEC Asian Cables Limited:
- Investment Amount: Up to ₹118.75 crore.
- Purpose: Subscribing to a rights issue in one or more tranches.
- Utilization: Proceeds will be used for acquiring the cables business of KEC International through a slump sale.
- Ownership: The company’s shareholding in KACL will remain at 95% post-acquisition.
KEC Power India Private Limited:
- Investment Amount: Up to ₹6.25 crore.
- Purpose: Subscribing to a rights issue in one or more tranches.
- Utilization: Funds will be further invested in KACL, strengthening its operational capabilities.

These investments are part of KEC International’s broader strategy to enhance its business portfolio, focusing on power cables, solar cables, aluminum conductors, and fiber optic cables. Both subsidiaries will benefit from increased financial support, enabling them to scale operations and improve their market competitiveness.

The announcement underscores KEC International’s commitment to expanding its infrastructure footprint while optimizing operational efficiencies across key business segments. The investments will also contribute to value creation for shareholders by leveraging the growth potential of its subsidiaries.

KEC International surges 5% today to hit fresh record high

Aman Shukla — Tue, 03 Dec 2024 05:27:33 +0000

KEC International, a prominent player in the engineering, procurement, and construction (EPC) sector, has hit a fresh record high today, with its stock price surging 5% to Rs 1,110.95. The stock’s impressive performance marks a notable milestone, as it surpassed its 52-week high of Rs 1,110.95.

In the last year, KEC International has gained 82%. The stock has also seen a significant rise of 14% in just the past month.

Today, KEC International’s stock price opened at Rs 1,065.90 and hit a high of Rs 1,110.95, while the low for the day was Rs 1,065. The stock has shown substantial growth compared to its 52-week low of Rs 586.05.

In the meantime, on November 29, KEC International Ltd. announced securing new orders worth ₹1,040 crore in its Transmission and Distribution (T&D) business from international markets. The new orders include the supply of towers, hardware, and poles for projects in the Americas, expanding the company’s footprint in the region. Additionally, KEC has been awarded a contract for the construction of 220 kV transmission lines in the CIS region, further enhancing its portfolio of high-value infrastructure projects.

KEC International shares surge 2% on Rs 1,040 crore T&D order win

Aman Shukla — Mon, 02 Dec 2024 03:48:52 +0000

KEC International Ltd., a leading infrastructure EPC company, witnessed a 2% jump in its share price after securing significant orders worth ₹1,040 crores in its Transmission and Distribution (T&D) business from international markets.

Key Highlights of the Order Win:

Americas: Contracts for the supply of transmission towers, hardware, and poles.
CIS Region: Development of 220 kV transmission lines.

These orders reinforce KEC International’s position as a global player in the power transmission and distribution sector. The company’s continued focus on expanding its footprint in international markets is driving growth and investor confidence.

As of 9:18 am, KEC International shares were trading 0.85% higher at Rs 1,063.25 on the NSE.

KEC International bags orders worth Rs 1,040 crores in International T&D

Aman Shukla — Fri, 29 Nov 2024 16:06:46 +0000

KEC International Ltd has recently informed exchanges that the company bagged new orders worth ₹1,040 crores in its Transmission and Distribution (T&D) business from international markets.

Details of the Orders:

• Supply of towers, hardware and poles in the Americas
• 220 kV Transmission lines in CIS

MD & CEO, KEC International Ltd stated “We are delighted with the continuous order wins in our T&D business. The order in CIS has reinforced our presence in this region and further strengthened our International T&D order book. Our subsidiary, SAE Towers, has secured multiple orders across USA, Mexico and Brazil, demonstrating an uptick in the American T&D market. With these orders, our YTD order intake now stands at over Rs. 17,300 crores, reflecting a remarkable growth of ~75% vis-à-vis last year.”

KEC International is a key player in global infrastructure engineering, procurement, and construction (EPC). It operates in several industries, including power transmission and distribution, civil, railways, urban infrastructure, renewables, oil and gas pipelines, and cables. The company has a presence in more than 110 countries and is presently working on infrastructure projects in more than 30 of them (including EPC, tower and cable supply).