₹40,000+ Crore Order Book: KEC International Share Price Surges Over 6% After Winning ₹1,402 Crore New Orders

Indian markets rallied on Monday after the government proposed major GST reforms, replacing 12% and 28% slabs with 5% and 18%. The Nifty 50 rose 1.51% to 25,003.9, while the Sensex gained 1.34% to 81,682.61.

Meanwhile, in the stock-specific region, KEC International Ltd., a global infrastructure Engineering, Procurement and Construction (EPC) major and a flagship company of the RPG Group, announced that it has secured new orders worth a substantial ₹1,402 Crores across its diverse business verticals. These new orders were received in the normal course of business.

The orders span across KEC International's key segments, reinforcing its position in both domestic and international markets. 

Breakdown of New Orders:

• Transmission & Distribution (T&D): The T&D business has secured notable projects. This includes an order for a 765 kV Transmission line from a prominent private player in Additionally, orders were secured for the supply of towers, hardware, and poles in the Americas.
• Civil: KEC International's Civil business has secured a repeat order for a high-rise residential project. This order comes from a renowned real estate developer located in Northern India. 
• Cables & Conductors: The Cables & Conductors business has secured orders for the supply of various types of cables and conductors. These orders cover both the Indian market and overseas markets.

In the India T&D business, the company has expanded its customer base by securing a prestigious order from a reputed private player. With new order additions, the company’s YTD (Year-to-Date) order intake has surpassed ₹8,400 crores. 

KEC International Share Price Jumped Over 6.7%

On Monday, KEC International share price jumped over 6% as the company received new work orders. As of 10:35 am, the stock price was trading at ₹823.15 per share, up by 5.82%. The stock price has bounced back from a 2-month low. In the last 6 months, the stock has jumped over 14%.

Disclaimer: The article is for informational purposes only and is not investment advice.